Bloomberg Sentiment at Asia’s factories charted another weak month in February amid softening global demand and trade-war jitters. But there were signs of bottoming too: The Caixin China purchasing managers index rose to 49.9, recovering from its biggest drop since July 2015, even as it stayed below the 50 line that separates contraction and expansion. “There is a silver lining ...

Bloomberg Doubts are beginning to gather around the pharmaceutical industry’s biggest-ever takeover after Bristol-Myers Squibb Co.’s second-largest shareholder said that it doesn’t favour a $74 billion takeover of Celgene Corp. Wellington Management Co., which manages about $1 trillion in assets, said in a news release that it “does not believe that the Celgene transaction is an attractive path” for broadening ...

Bloomberg Germany’s automotive industry will invest over 40 billion euros ($45 billion) in electric vehicles over the next three years to triple the number of models vying for buyers, the head of the VDA car industry association said. The plan is pivotal to reach ambitious goals in the European Union to reduce carbon dioxide emissions and requires the expansion of ...