Bloomberg Malaysia’s aviation-safety downgrade makes Asia the region with the most markets where airlines are restricted from US airspace. The US Federal Aviation Administration (FAA) cut Malaysia to a Category 2 nation, banning the country’s carriers from setting up new flights to anywhere between New York and San Francisco. It cited deficiencies by the nation’s civil-aviation authority in areas ranging …

Bloomberg Oil retreated from a six-week high as ambiguous progress in US-China trade talks and worsening violence in Hong Kong damped sentiment across financial markets. Futures fell 1.2% in New York after President Donald Trump said that, while discussions with Beijing are moving along “nicely,” a deal hasn’t been reached and he won’t eliminate all tariffs. Meanwhile, Oman’s Oil Minister …

ABU DHABI / WAM The Middle East region is witnessing a significant push towards downstream projects to improve refinery output and capacity, according to Paul Carthy, Managing Director, Accenture Energy Industry Group, Middle East and Turkey. Speaking to the Emirates News Agency (WAM), on the sidelines of the Abu Dhabi Petroleum Exhibition and Conference (Adipec), which opened on Monday, Carthy …