India tapped its vast diaspora for a record $127 billion through a special deposit program, a fundraising bonanza that economists say could come with a hefty $10.6 billion bill for the country’s central bank.
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Stocks in Asia were poised to rise Friday, tracking gains on Wall Street as investors pared bets on a Federal Reserve rate hike this month. The yen held its biggest gain in over a month and oil rose.
Oil headed for its biggest weekly gain since July as renewed US-Iran hostilities heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz.
SW Retail Advisors President and founder Stacey Widlitz discusses Lululemon Athletica lowering its full-year outlook for a second straight quarter on Bloomberg The Close. (Source: Bloomberg)