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U.S. tax policy doubt stunts stocks, sterling falls

Reuters  |  NEW YORK 

By Sinead CarewNEW YORK (Reuters) - World stock markets were down on Monday amid uncertainty over the fate of U.S. tax reform efforts, while Britain's pound fell on growing concerns about the future of Prime Minister Theresa May. U.S. stock indexes made little ground. Some investors sought bargains after a few days of losses while others were put off by a dividend cut from heavyweight General Electric , as well as the company's plan to radically shrink to focus on sectors where it thinks it can make a profit.Investors were waiting for any signs of compromise on U.S. tax policy after U.S. ...

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First Published: Tue, November 14 2017. 01:17 IST