Here is a round-up of the news from around the world:

1. A softer session in Asia saw investors trim risk positions following a dollar retreat and scattered press conference from President Donald Trump.

2. Toshiba Corp. (TOSBF)  lurched lower again Friday after Standard & Poor's warned of a potential 'selective default' downgrade for the Japanese conglomerate if it seeks debt financing to assist in its global restructuring.

3. Allianz SE (AZSEY)  shares rose to the highest in more than a year after Europe's largest insurance company said it would launch its first-ever share buyback and boost its annual dividend after better-than-expected full year earnings.

4. Stada Arzneimittel confirmed a third potential bidder has expressed interest in the German generic drug maker, lifting shares to an all-time high.