Industry Trends

Trump administration pauses Diversity Visa Lottery after Brown University shooting suspect entered US through program

Homeland Security Secretary Kristi Noem announced the suspension of the diversity visa lottery program following a deadly shooting. The accused shooter, Claudio Manuel Neves Valente, reportedly entered the U.S. through this program in 2017. This action aligns with President Trump's long-standing criticism of the program due to perceived security risks.

Industry Trends

Why India’s AMC business could be entering a long growth phase? Aditya Kondawar explains

ICICI Prudential AMC's listing sparks debate on valuation premiums over HDFC AMC, with both managing similar assets. While ICICI Prudential shows stronger operating profits due to a higher equity and alternate asset mix, retail participation in its IPO was muted. Experts believe the long-term outlook for Indian AMCs remains positive, driven by shifting investor behavior and industry growth potential.

Industry Trends

Peter McGuire flags stronger Yen risk as Japan inflation stays above target

Japan's central bank has raised interest rates to their highest in three decades, prompting global markets to reassess the yen, carry trades, and risk assets. With inflation projected to remain above the BOJ's target, further tightening is a possibility, potentially altering Japan's monetary policy and impacting global markets.