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World stocks down on China exec arrest; oil slips on OPEC decision delay

by_laila_kearney
World stocks down on China exec arrest; oil slips on OPEC decision delay

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 an alleged scheme to use the global banking system to evade U.S. sanctions against Iran.