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Finance & Markets

Mexican Peso Gains Steam as Brazil, Colombia Carry Rallies Fade

The Mexican peso is finally drawing the attention of investors who have, for most of the year, overlooked the currency to chase higher returns elsewhere in emerging markets.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Xi, Putin vow to deepen strategic ties after meeting at SCO summit

Chinese President Xi Jinping and Russian President Vladimir Putin both vowed to strengthen the role of the Shanghai Cooperation Organisation (SCO) during their meeting on Monday, as the two countries seek to deepen strategic coordination amid mounting tensions with Washington and its allies.

Lilly to Buy Merida for $2.88 Billion in Autoimmune Push

Eli Lilly & Co. plans to buy Merida Biosciences Inc. for as much as $2.88 billion in cash to expand in autoimmune and allergic diseases, part of an effort to build beyond the weight-loss and diabetes markets that made it the largest pharmaceutical company in the world.

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