An indexable cutting insert comprises a flank face having a generally parallelogram shape and a plurality of side faces. The flank face is bounded by a plurality of edges. Each edge joins the flank face with one of the side faces. The plurality of edges comprises a first cutting edge and a second cutting edge. The first cutting edge has a shape corresponding to a portion of a first bent curve and the second cutting edge has a shape corresponding to a portion of a second bent curve. The second bent curve is obtainable by a translation of the first bent curve along a width direction of the cutting insert. The cutting insert has a two-fold rotational symmetry with respect to an axis of symmetry that is perpendicular to the width direction, a longitudinal direction of the cutting insert being perpendicular to the width direction and the axis of symmetry.

A machine tool having a monolithic base is disclosed. The monolithic base includes at least two flat surfaces that are mutually orthogonal and that are convex with respect to each other. The machine tool includes at least two moveable stages, each mounted to one of the flat surfaces, and each stage also being mutually orthogonal.