Asian stock markets fell Wednesday after US Democrats launched formal impeachment proceedings against Donald Trump and on renewed worries about trade as the president adopted a hard line on China.

A futuristic new airport in Beijing, which is expected to become one of the busiest in the world, was opened by President Xi Jinping on Wednesday.

China's economic growth will ease further next year due to slowing exports and US trade tensions, the Asian Development Bank warned Wednesday as it revised downwards its GDP predictions.

Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn's retirement benefits from investors.

The Securities and Exchange Commission announced Monday the settlement of civil fraud charges with the major Japanese automaker and its former chairman, who also will be barred for 10 years from serving as an officer or director of a public company. Ghosn, 65, is awaiting trial in Japan on financial misconduct charges in a criminal case.

Slovenian flag carrier Adria Airways suspended all its flights on Tuesday over liquidity problems but said intensive talks were under way to resume operations.

British travel firm Thomas Cook collapsed into bankruptcy on Monday, leaving some 600,000 holidaymakers stranded and sparking the UK's biggest repatriation since World War II.

Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mostly down as Donald Trump said he did not want a partial trade deal with China.

The past week's sudden surge in oil prices brought to mind the nightmare of shortages, but it's not too likely motorists will be queueing to fill up around the world, analysts say.

The crisis hammering Argentina would have been much worse had the International Monetary Fund not stepped in with a massive rescue program, former IMF chief Christine Lagarde said Thursday.

Qatar Airways hit turbulence on Wednesday posting a net loss for the year to March 2019 of $639 million which the airline blamed on key markets closing their airspace to Doha.