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Global markets: stocks down on China exec arrest; oil slips on OPEC decision delay

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision. The arrest of smartphone maker Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou in Canada for extradition to the United States came as Washington and Beijing prepared for talks aimed at resolving a bitter trade spat. Sources familiar with the probe told Reuters Meng was arrested as part of a U.S. investigation of ...

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First Published: Fri, December 07 2018. 03:46 IST
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