Bloomberg Global investors are starting to fall out of love with Narendra Modi. After pouring $45 billion into India’s stock market over the past six years on hopes that Modi would unleash the country’s economic potential, international money managers are now unwinding those wagers at the fastest pace on record. They’ve sold $4.5 billion of Indian shares since June, on ...

Bloomberg Global fund managers say German fiscal stimulus would be a greater boon to risk assets than infrastructure spending in China or aggressive central-bank policies. Uncertainty from the US-China trade war and perceived monetary-policy impotence are increasingly placing the onus on fiscal policy, according to a recent investor survey conducted by Bank of America Merrill Lynch. Yet market participants are ...

Bloomberg A low-profile law professor and a jailed media tycoon secured the top spots in Tunisia’s landmark presidential vote, routing veteran politicians in a rejection of the status quo in the birthplace of the Arab Spring. Kais Saied, a constitutional law professor, secured 18.4 percent of the vote while Nabil Karoui, the owner of a TV channel who’s detained on ...

Bloomberg Hong Kong leader Carrie Lam said sanctions would only complicate the city’s problems as prominent local activist Joshua Wong gets set to address US lawmakers who are considering changes to special trade privileges for the financial hub. “I uphold this principle of accountability, but at the moment it is all for us to see that Hong Kong is undergoing ...

Bloomberg The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a US defense official said. The official couldn’t confirm or deny a CBS News report that the US has identified locations in southern Iran from which it believes more than 20 drones ...

Bloomberg South Sudan, where warring parties agreed to end five years of conflict, could return to bloodshed despite recent commitments by its leaders to form a power-sharing government, the United Nations warned. Both armed opposition groups and the government are forcibly recruiting children in Juba and Western Bahr el Ghazal, and in Greater Bahr el Ghazal, respectively, according to Yasmin ...

Bloomberg Boris Johnson’s Brexit strategy has been on trial ever since he became prime minister eight weeks ago, and on Tuesday his lawyers were expected to defend it in the UK’s highest court. Fresh from being lambasted by a fellow European leader after he opted out of a joint news conference, Johnson will see his decision to suspend parliament under ...

Bloomberg President Donald Trump said his administration will enter into an initial trade accord over tariffs with Japan in the coming weeks while Tokyo warned any final deal must include assurances that Washington won’t slap new tariffs on $50 billion of Japanese auto exports. In a notice to Congress, Trump also said the US will be entering an “executive agreement” ...

Bloomberg Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest US tech companies as some politicians have suggested. The Microsoft Corp co-founder and former chief executive officer battled the Justice Department for years in the late 1990s in a bruising antitrust case. At issue was the software ...

Bloomberg Elliott Management Corp has built a stake in CNH Industrial NV in a bid for constructive engagement with the truck and tractor maker controlled by Italy’s Agnelli family, according to people familiar with the matter. Elliott, run by billionaire Paul Singer, sees value-creation potential in CNH’s plan to separate the Iveco truck business from its more profitable agricultural machine ...