When it comes to shrinking the state’s role in production, the priorities of the Bharatiya Janata Party government that’s ruled India since 2014 are very different from those of its predecessor, which left power a decade earlier. And that’s something that has annoyed investors no end. Atal Bihari Vajpayee, the BJP prime minister between 1998 and 2004, gave a colleague ...

Bloomberg US equities fluctuated near record highs as investors searched for signs of progress in China’s comments about prospects for a “phase-one” trade deal. Treasuries and most European sovereign bonds rose. The S&P 500 swung between gains and losses, while European and Asian stocks were mixed after China said that Sino-American trade negotiators “reached consensus” on certain issues in a ...

Bloomberg Indian stocks slipped from a record on political uncertainty for prime minister Modi’s Bharatiya Janata Party (BJP) and the completion of a re-balancing of the MSCI ACWI index. The S&P BSE Sensex slipped 0.2% to 40,821.30 at the close in Mumbai and the NSE Nifty 50 Index fell 0.3%. Shares fell after a coalition government led by the BJP ...