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U.S. tax cut worries dent hopes of longest winning run in 14 years

Reuters  |  NEW YORK 

By David RandallNEW YORK (Reuters) - Broad equity market declines in Asia and Europe on Thursday, combined with growing concerns that the Republican-led corporate U.S. tax cut may not pass this year, threatened to spoil the longest winning streak for MSCI's global stock index since 2003.Wall Street stocks opened lower after Republican Senator Bill Cassidy, a member of the U.S. Senate Finance Committee, said that the Senate tax proposal will delay a corporate tax cut by one year to 2019. Major stock indexes came off their session lows after Senator John Cornyn said Senate Republicans were ...

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First Published: Fri, November 10 2017. 01:49 IST