Sun, 25 Oct 2020

BEIJING -- China's top securities regulator has approved the initial public offering applications of four companies.

The companies -- Shaanxi Beiyuan Chemical Industry Group Co., Ltd., Changzhou Aohong Electronics Co., Ltd., Guangzhou Metro Design & Research Institute Co., Ltd. and Jiangsu Rijiu Optoelectronics Jointstock Co., Ltd. -- will be listed on the A-share market, the China Securities Regulatory Commission said in a statement. (China-Stocks-IPO)

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TRIPOLI -- The state-owned National Oil Corporation (NOC) of Libya's UN-backed government on Saturday lifted the state of force majeure on the country's "safe" oil facilities.

"The National Oil Corporation announces lifting the state of force majeure on the safe oilfields and ports," the NOC said in a statement.

"The state of force majeure shall remain on the oilfields and ports where presence of members of Wagner gangs and other armed groups, which are obstructing the activities and operations of the National Oil Corporation, is confirmed," the statement said. (Libya-Oil blockade-Lift)

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NEW YORK -- Wall Street's major averages declined for a third straight week as investors continued to dump some tech-related shares while digesting the U.S. Federal Reserve's latest decision on monetary policy.

For the week ending Friday, the Dow was down 0.03 percent, the S&P 500 slid 0.64 percent, and the Nasdaq fell 0.56 percent. (US-Stocks-Weekly loss)

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BEIJING -- Beijing started to offer the first batch of 3 million coupons on Saturday to boost the city's consumption of food delivery services, according to the municipal commerce bureau.

Jointly funded by the municipal government and two major food delivery platforms and Meituan, with price cuts of catering businesses, all coupons worth 300 million yuan (about 44.3 million U.S. dollars) in total will be issued until mid-December. (China-Beijing-Coupons-Food Delivery)

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