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Some Asian stocks are secondary listings.
European bourses posted modest losses on Friday after a rally in the US limited early after noon losses. Markets shrugged off unexpectedly high US unemployment figures as bargain-hunters moved into Wall Street following Thursday s weak closes. Merck in cancer vaccines deal Merck KGaA, the German pharmaceuticals and chemicals group, has acquired the rights to two anti-cancer vaccines being developed by Biomira, a Canadian biotechnology company. The move is part of Merck's strategy to build a cancer business by acquisitions and licensing deals. Fiat to buy Renault bus and coach arm Fiat, Italy's largest industrial group, on Thursday announced the acquisition of Renault's bus and coach operations following seven months of talks with the French automotive company.