Bloomberg Indian stocks advanced to a record after India slashed taxes on a slew of products and Prime Minister Narendra Modi defeated a no-confidence vote in the Parliament. The S&P BSE Sensex rose 0.6 percent to 36,718.60 in Mumbai. State and federal lawmakers cut goods and services taxes on more than 50 products, while the defeat of the opposition-led motion ...

Bloomberg European equities retreated at the open as Fiat dropped on the news of a change in chief executive and as investors considered President Donald Trump’s new tariff threats. The Stoxx Europe 600 Index declined 0.3 percent, with the automakers and travel sectors pacing the retreat. Fiat Chrysler Automobiles NV fell 4 percent after Mike Manley was named CEO to ...

Bloomberg India’s move to slash levies on more than 50 goods will lower revenue by as much as $2.2 billion each year and is raising the prospect of the country missing budget goals again this year. A panel of federal and state finance ministers cut the goods and services tax on items from washing machines and lithium ion batteries to ...