IPO doldrums reflect shutdown’s woes even as resumption averted

San Francisco: It’s been a dreary start of the year for initial public offerings in the US. The average share price increase for the 16 companies that went public this year was only 3.3 per cent through Friday — and that’s factoring in the 52 per cent first-day share pop for a biotech company that […]

Venezuelan oil finds home in India as US shuns shipments

Houston. India is feasting on Venezuelan oil, after the US imposed a de facto ban on crude imports from the Latin American nation. While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February, with imports jumping 66 per cent to 620,000 […]