GLOBAL MARKETS

Sanofi's push for Genzyme continues

Sanofi-Aventis is reportedly expected to sweeten its bid for U.S. biotechnology company Genzyme later this week. The two companies are said to be negotiating a cash deal worth $74 a share or $19 billion, plus extra payments linked to experimental multiple sclerosis drug Lemtrada.
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A South African child holds a 50 rand note in a file photo

S.African rand, bonds fall; stocks up for 4th day

South Africa's rand weakened to a near six-month low against the dollar on Friday, falling through key support and dragging local bonds down with it before recouping some losses as demand for longer dated paper picked up.
Analysis: Price boom puts palm oil on emerging markets' radar

Analysis: Price boom puts palm oil on emerging markets' radar

Palm oil output and stocks, already lagging robust demand due to rains in top Southeast Asia producers, could be made worse should the cooking ingredient become the next target for emerging markets seeking to buy big and dampen adverse effects of booming world food prices.
Traders work on the floor of the New York Stock Exchange

US stocks waver after jobs data

U.S. stocks wavered in early trade on Friday after a government report showed that U.S. added fewer jobs than forecast for January, while the unemployment rate unexpectedly declined to its lowest level since April 2009
A sugar processing plant stands in the middle of Cyclone Yasi damaged Tully in northern Australian

Sugar futures plunge 9 percent in one day -- what happened?

The fundamental reason is that the tropical storm Cyclone Yasi, headed towards Queensland, Australia, did not disrupt the country's sugar production as much as initially feared. Australia is the third largest sugar exporter in the world.
Traders work on the floor of the New York Stock Exchange

US stocks decline as Egypt crisis weighs

U.S. stocks declined in early trade on Thursday as political crisis in Egypt overshadowed better-than-expected economic reports on weekly jobless claims, non-farm productivity and monthly factory orders.
Traders work on the floor of the New York Stock Exchange

US stocks open lower despite jobs data

U.S. stocks fell modestly in early trade on Thursday despite better-than-expected weekly jobless claims data as mixed earnings and political crisis in Egypt weighed on the sentiment.

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