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Abu Dhabi / WAM Etihad Airways has announced that it will take part at the Saudi International Airshow with displays of some of its aircraft, products and services, and a number of important partnership announcements. The airshow is the first aviation and aerospace exhibition of its kind to be held in the Kingdom of Saudi Arabia from March 12-14. Etihad ...

Bloomberg The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travellers shift towards electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley analysts including Andy Meng. ...

Bloomberg Chinese researchers are watching the UK’s impending exit from the European Union (EU) to see what kind of arrangements are put into place to allow regions with separate economic and regulatory policies to have an integrated financial market. The future of the UK as a European financial services hub after Brexit is of interest as China seeks to develop ...

Bloomberg Hong Kong faces the likelihood of rising borrowing costs after the city’s de facto central bank intervened to defend its currency peg for the first time since August. The Hong Kong Monetary Authority bought HK$1.51 billion ($192 million) of local dollars during London and New York trading hours after the currency fell to the weak end of its trading ...

Bloomberg Japan’s machine tool orders fell 29 percent in February from a year earlier, the biggest drop since October 2009, adding to signals that a global slowdown is hitting the world’s third-largest economy. While the gauge is volatile, the latest drop is the fifth straight and marks an acceleration in the decline, according to data from the Japan Machine Tool ...

Bloomberg The Philippines is facing further budget delays that threaten to cut growth and stall infrastructure projects as lawmakers continue to fight over their share in the spending plan. Approval of the 3.76-trillion peso ($71.9 billion) budget may be delayed to August, Senate President Vicente Sotto said. He threatened to block its transmittal to President Rodrigo Duterte for final approval ...

Bloomberg Japan Inc. is pushing back after years of pressure to give bigger pay raises that has been a key part of Prime Minister Shinzo Abe’s campaign to restore stable economic growth. While wages have never reached the level sought by Abe, the results from annual wage talks to be released later this week are expected to show even smaller ...

Bloomberg Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. plan to form a single board that will oversee their alliance’s governance and operations, according to people familiar with the matter, as the automakers try to streamline their decision making following the arrest of Carlos Ghosn. The group will replace two separate Amsterdam-based alliance entities, Renault-Nissan BV and Nissan-Mitsubishi BV, ...

Bloomberg Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd. for $6.9 billion, gaining expertise to help it push into the growing market for data center components. Santa Clara, California-based Nvidia is paying $125 a share in cash for the company, which makes chips used to speed the flow of information across computer servers. That’s a 14 percent premium to ...

Bloomberg Barrick Gold Corp. is withdrawing its $17.8 billion hostile takeover bid for New- mont Mining Corp., with the companies opting instead to forge a joint venture around their Nevada projects. The change came weeks after Barrick proposed an all-share offer that would have created the world’s largest gold producer. After Newmont’s board rejected the bid, Newmont Chief Executive Officer ...