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Global markets: stocks fall on China exec arrest; oil slips on OPEC output delay

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - Stock markets around world slid on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank after OPEC delayed an output decision. The arrest of smartphone maker Huawei Technologies Co. 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 an alleged scheme to use ...

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First Published: Fri, December 07 2018. 02:00 IST
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