MONEY (MSM)

Deflation? Oil's 45 pct rebound could be markets' next headache

Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January. Since then, Brent crude futures have risen 45 percent. These measures have ranged from interest rate cuts to bond-buying “quantitative easing” programmes. All have been in response to the fall in inflation rates and inflation expectations driven by the 60 percent

Mylan says Teva offer too low and stock 'unacceptable'

Mylan, which is pursuing its own takeover of Perrigo Co Plc, had been expected to reject the offer after having indicated that such a combination would not be a good fit. Wall Street analysts had said Mylan might be looking for $90 to $95 per share and an increased cash component. Coury said in the letter, which described Teva’s culture as “dysfunctional,” that Teva’s stock was an unacceptable currency because

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