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☆ Jimmy Dunne resigns from PGA Tour board
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJimmy Dunne resigns from PGA Tour boardJimmy Dunne resigned from the PGA's Tour policy board on Monday.

Persons: Jimmy Dunne Organizations: PGA Tour

☆ Japan not seeking a strong yen but a stable currency, David Roche says
▼ + stars: | 2024-05-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Japan is not seeking a strong yen but rather aiming for a relatively stable currency, according to veteran investor David Roche. The Japanese yen has been on a roller coaster ride, with the currency breaking past 160 against the greenback last week — steepest decline in more than three decades. "The Japanese are not aiming at a particularly strong yen. Japan could not "possibly speak to have policy that really results in a strong yen unless they tighten monetary policy," Roche said, adding that it would involve raising interest rates by at least 50 basis points and allowing "unsterilized intervention" of the yen. As far as I can see from the statistics, they've [Bank of Japan] done nothing like that," Roche noted.

Persons: David Roche, Roche, CNBC's Organizations: greenback, Independent, Bank of Japan, Bank of Locations: Japan, Bank of Japan

☆ Rory McIlroy says he won’t return to PGA Tour policy board after ‘pretty messy’ conversations
▼ + stars: | 2024-05-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Rory McIlroy will not be returning to the PGA Tour policy board any time soon after some “pretty complicated and pretty messy” conversations, the Northern Irishman said Wednesday. “There’s been a lot of conversations,” McIlroy, speaking ahead of the Wells Fargo Championship in North Carolina, told reporters. “It got pretty complicated and pretty messy, and I think with the way it happened, it opened up some old wounds and scar tissue from things that have happened before. “There was a subset of people on the board that were maybe uncomfortable with me coming back on for some reason. “I’ve had a pretty slow start to the season, especially over here in the States,” he said.

Persons: Rory McIlroy, ”, Webb Simpson, –, McIlroy, “ There’s, ” McIlroy, Webb, Andrew Redington, LIV Golf, LIV, weren’t, it’s, we’ve, “ It’s, that’s, Shane Lowry, “ I’ve, “ Organizations: CNN, PGA Tour, Wells, PGA, LIV Golf, “, Zurich, New Locations: North Carolina, Saudi, New Orleans

☆ Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4%
▼ + stars: | 2024-03-11 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +1 min

Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the the October-December period last year. Japan's gross domestic product expanded 0.4% in the fourth quarter compared with a year earlier. Provisional data last month had showed GDP contracting 0.4%. The Japanese economy also expanded 0.1% in the fourth quarter from the previous three months, compared with the provisional data that showed a 0.1% contraction. The economy had shrunk 0.8% in the third quarter from the previous three months.

Persons: Kazuo Ueda Organizations: Provisional, Bank of Japan, Ministry of Finance, Reuters, Bank of Locations: Japan, Bank of Japan

☆ Japan slipped into a technical recession. The Bank of Japan has to juggle supporting the yen and fragile growth
▼ + stars: | 2024-02-16 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +3 min

BOJ Governor Kazuo Ueda is under pressure to stem yen depreciation driven by the divergence between high U.S. interest rates and Japan's ultra easy policy. Yet, he is also constricted by high inflation that BOJ policymakers still deem unsustainable, even as it crimped domestic demand and tipped the economy into a technical recession. She previously served as a member of BOJ policy board from 2011 to 2016, helping to make monetary policy decisions. At its January meeting, the BOJ decided unanimously to keep short-term interest rates at -0.1%. BOJ policymakers have been cautious and fastidious with their primary task: reflating an economy that's been mired in decades of deflationary pressures.

Persons: Kazuo Ueda, Sayuri Shirai, CNBC's, dousing, BOJ, Shirai Organizations: Istock, Getty, Bank of Japan, Germany, Keio University Locations: Tokyo, Japan

America’s weak.”Neither Casey nor McCormick are likely to face serious opposition in Pennsylvania's April 23 primary before facing off against each other in November's general election. The Biden administration's support for Israel has been complicated politically in other states the president is counting on in his reelection bid. “Israel needs America's firm and unequivocal support,” McCormick wrote. Jewish voters typically vote overwhelmingly Democratic, and Democrats right now are trying to balance their interest in protecting Israel with that of younger voters, who have been sympathetic to Palestinians, he said. “Jewish voters have been one of their most loyal supporter groups.

Persons: —, Biden, hasn't, David McCormick, Joe Biden, Democratic Sen, Bob Casey, McCormick, Casey, Donald Trump, West Virginia Sen, Joe Manchin, persuadable, Hillel, “, ” McCormick, Barack Obama, Israel's, ’ ” Casey, Israel, Israel ”, George W, Bush, Christopher Borick, ” Borick, it’s, Marc Levy Organizations: U.S . Senate, Democratic, Israel, Biden, Trump, Senate, West, Republicans, Hamas, CBS, American Israel Public Affairs Committee, Foreign, Jewish Community Center, Army, Pennsylvania, Jewish, Muhlenberg College Institute of Public Locations: HARRISBURG, Pa, Pennsylvania, Israel, Gaza, Iran, U.S, Afghanistan, Pennsylvania's, Michigan, Wisconsin, Rust, West Virginia, Pittsburgh, Philadelphia, Allentown

☆ Tiger Woods says he’ll ‘walk away’ from golf when he no longer believes he can win
▼ + stars: | 2023-11-28 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

CNN —Tiger Woods says he’s only prepared to walk away from playing golf when he no longer believes he can be competitive as he insisted that’s currently not the case. “I love competing, I love playing,” Woods told reporters ahead of his highly-anticipated return to competitive golf. While confirming the operation to fuse his ankle earlier this year was successful, Woods said that his recovery took its toll. “Unfortunately I’ve had experience, I’ve gone through it before and I’m here on the good side now.”Woods has not played competitive golf since April, 2023. The move gave the players a one-seat advantage after the controversial merger in June between the PGA Tour and Saudi-backed LIV Golf.

Persons: Tiger Woods, he’s, that’s, “, ” Woods, Woods, ”, I’ve, Andrew Redington, Justin Thomas, haven’t, LIV Golf, Patrick Smith, Jay Monahan, Monahan, ” Monahan Organizations: CNN, Augusta National, Foundation, PGA Tour, PGA Policy, PGA, “ Locations: Albany, The Bahamas, Saudi

☆ Australia to introduce bill giving central bank experts more sway
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. The bill would implement the recommendations of a review of the Reserve Bank of Australia (RBA) released in April that requires legislation enacted by parliament, Treasurer Jim Chalmers said on Sunday. "We want to ensure Australia's central bank remains world class with a monetary policy framework fit to meet our current and future economic challenges," Chalmers said in a statement. The Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023 will reinforce the RBA's independence from government, including by repealing the power of the treasurer to overrule monetary policy decisions, he said. Chief among them was to split the RBA's board into one for monetary policy and one for governance.

Persons: David Gray, Jim Chalmers, Chalmers, Bill, Renju Jose, William Mallard Organizations: Reserve Bank of Australia, REUTERS, Rights, Australian, Policy Board, Thomson Locations: Sydney, Australia

MADISON, Wis. (AP) — Animal welfare advocates filed a lawsuit Wednesday seeking to invalidate Wisconsin's new wolf management plan, accusing state wildlife officials of violating the state's open meetings law and disregarding comments from wolf researchers and supporters. The Great Lakes Wildlife Alliance, also known as Friends of the Wisconsin Wolf and Wildlife, filed the latest lawsuit in Dane County Circuit Court. The organization describes itself as a statewide group of hunters, farmers, politicians, business owners and animal welfare advocates who support science-based conservation. Adam Payne, the department secretary at the time, announced revisions were coming after the February talks with the organizations that favor further limiting the wolf population. The Department of Natural Resources adopted a wolf management plan in 1999 that called for capping the population at 350 wolves.

Persons: Adam Payne, Molly Meister Organizations: Farmers, Lakes Wildlife Alliance, Wisconsin Wolf, Wildlife, Dane County Circuit Court, of Natural Resources, Wisconsin Wildlife Federation, Wisconsin Association of Sporting Dogs, Natural Resources, DNR Locations: MADISON, Wis, Wisconsin, Dane County

☆ Jordan Spieth replaces Rory McIlroy on PGA Tour board
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Golf - The 2023 Ryder Cup - Marco Simone Golf & Country Club, Rome, Italy - September 30, 2023 Team USA's Jordan Spieth reacts after a missed putt on the 1st green during the Foursomes REUTERS/Phil Noble/ File photo Acquire Licensing RightsNovember 20 - Jordan Spieth will serve the remainder of Rory McIlroy's term as a player director the PGA Tour's policy board. Commissioner Jay Monahan announced the change to tour members on Monday. "With Rory McIlroy resigning from the PGA Tour Policy Board last week, per the PGA Tour Tournament Regulations, the five remaining Player Directors have elected Jordan Spieth to serve the remainder of Rory's term which expires at the end of 2024," Monahan wrote to members, according to an email obtained by Golf Channel. He also acknowledged that the agreement between the PGA Tour and DP World Tour with Saudi Arabia's Public Investment Fund (PIF), which backs LIV Golf, over future cooperation affected his role on the board. Spieth, 30, is a 13-time winner on the PGA Tour with major victories at the Masters (2015), U.S. Open (2015) and The Open Championship (2017).

Persons: Ryder, Marco Simone Golf, USA's Jordan Spieth, Phil Noble, Jordan Spieth, Rory McIlroy's, Jay Monahan, Tiger Woods, Patrick Cantlay, Charley Hoffman, Peter Malnati, Webb Simpson, Rory McIlroy, Monahan, Jordan, McIlroy, LIV Golf Organizations: Country Club, REUTERS, PGA Tour, Golf, PGA, Saudi Arabia's Public Investment Fund, Thomson Locations: Rome, Italy, U.S

☆ Rory McIlroy resigns from PGA Tour policy board
▼ + stars: | 2023-11-15 | by ( Sammy Mncwabe | ) edition.cnn.com time to read: +2 min

CNN —Northern Irish golfer Rory McIlroy has resigned from his role as a player director on the PGA Tour policy board, the organization announced in a statement on Tuesday. “Citing personal and professional commitments, Rory McIlroy has notified the PGA Tour policy board that he is resigning his position as a player director,” a PGA Tour statement read. McIlroy served on the board for two years after spending the previous three years as a member of the player advisory council. “There has never been a better time to be a professional golfer,” he added. According to the “PGA TOUR Tournament Regulations, whenever the office of any player director becomes vacant due to resignation, the remaining player directors elect a successor to serve his unexpired term.”

Persons: Rory McIlroy, ”, McIlroy, LIV, LIV Golf, ” McIlroy Organizations: CNN, Northern, PGA Tour, Tour, PGA, Public Investment Fund, Saudi Locations: Saudi, Dubai

Rory McIlroy resigned from the PGA Tour board on Tuesday, an abrupt move that comes as the tour is trying to finalize an agreement to create a new commercial enterprise involving Saudi Arabia's national wealth fund. Asked if he liked having a seat the table, McIlroy said, “Not particularly, no. No player has been more outspoken than McIlroy about the PIF's financial backing of rival league LIV Golf, which attracted a number of major champions with enormous signing fees. LIV Golf recently completed its second year, and it remains unclear how the PIF's deal with the tour affects it. The remaining five player-directors on the 12-member board will elect a successor to serve McIlroy's term, which ends after next year.

Persons: Rory McIlroy, McIlroy, “, Jay Monahan, Ed Herlihy, ”, Rory —, —, Monahan, LIV, LIV Golf, Greg Norman, I’ve, ” McIlroy, Tiger Woods, ___ Organizations: PGA, Saudi, New York Times, Public Investment Fund, Tour Enterprises, PAC, Tiger Locations: Dubai, Saudi Arabia, Saudi

MADISON, Wis. (AP) — A vote by the Republican-controlled Wisconsin Senate last month to fire the state's nonpartisan top elections official had no legal effect, and lawmakers are barred from ousting her while a lawsuit plays out, a Dane County judge ruled on Friday. Administrator Meagan Wolfe will continue serving as head of the Wisconsin Elections Commission pending a decision on whether elections commissioners are legally required to appoint someone for the Senate to confirm, Judge Ann Peacock said. They also asked Peacock to order the elections commission to appoint an administrator for the Senate to vote on. The bipartisan elections commission deadlocked in June on a vote to reappoint Wolfe. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Persons: Meagan Wolfe, Ann Peacock, Wolfe, Josh Kaul, Peacock, ” Kaul, reappoint Wolfe, Joseph Czarnezki, Joe Biden, Biden, Donald Trump, ” Organizations: Republican, Wisconsin Senate, Senate Republicans, Senate, Democratic, GOP, Republicans, WEC, Associated Press, America Statehouse News Initiative, America Locations: MADISON, Wis, Wisconsin, Dane

It had been more than 50 years since a woman played on the PGA Tour. Political Cartoons View All 1206 ImagesAnd then there was Michelle Wie West, who played eight times on the PGA Tour. Thompson has gone 73 starts on the LPGA Tour since her last win at the ShopRite LPGA Classic in 2019. “I know that Lexi at times has been one of the top players on the LPGA Tour and she's obviously very athletic. The spotlight and any negativity about playing a PGA Tour event don't seem to be a problem.

Persons: Lexi Thompson, Thompson, ’ ” Thompson, Michael Kim, Ben Griffin, “ I'm, ” Thompson, Brittany Lincicome, Annika Sorenstam, Suzy Whaley, Michelle Wie West, ”, ” Kim, Peter Malnati, “, Lexi, ” Malnati, Lydia Ko, Kevin Roy, Trevor Werbylo Organizations: Shriners Children's, PGA, PGA Tour, Colonial, Greater Hartford, Shriners, LPGA, LPGA Tour, Solheim, FedEx, U.S, Women's, Olympic Club, ANA Locations: Arkansas, Texas, Saudi, Spain, Europe, Vegas

MADISON, Wis. (AP) — Republicans who control the Wisconsin Senate's elections committee retaliated Tuesday against one of the three Democratic elections commissioners who tried to block them from voting to fire the state's nonpartisan top elections official earlier this year. The committee voted along party lines against confirming Democratic Commissioner Joseph Czarnezki, who was appointed to the Wisconsin Elections Commission in May by Democratic Gov. The bipartisan elections commission, which consists of three Democrats and three Republicans, deadlocked in June on a vote to reappoint nonpartisan Administrator Meagan Wolfe. Senate Republicans proceeded anyways, voting last month to fire her. Democratic Sen. Mark Spreitzer, a member of the elections committee, accused Republicans of bowing to pressure from elections skeptics on Tuesday.

Persons: Joseph Czarnezki, Tony Evers, Meagan Wolfe, Czarnezki, Wolfe, Josh Kaul, Republican Sen, Dan Knodl, ”, ” Czarnezki, “ I'm, Joe Biden, Biden, Donald Trump, Democratic Sen, Mark Spreitzer, “, Evers, Scott Walker, ” Evers Organizations: —, Democratic, Commission, Democratic Gov, GOP, Republican, Senate, Republicans, Republican Gov, Associated Press, America Statehouse News Initiative, America Locations: MADISON, Wis, Wisconsin, Milwaukee County, Milwaukee

☆ S.Korea c.bank says coordinated efforts needed to deal with household debt
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 14 (Reuters) - South Korea's central bank said on Thursday it needs to make coordinated efforts to contain household debt, which is at levels that could undermine economic growth and financial stability. "Unlike in major countries, household debt increased continuously without de-leveraging and has reached a level that hinders macroeconomic and financial stability," the Bank of Korea (BOK) said in its quarterly monetary policy report. South Korea's household borrowing grew for a fifth straight month in August by the biggest amount in two years, driven up by rising mortgage demand, prompting financial authorities to tighten certain loan regulations. The BOK said in the report it was more effective for macro-prudential policy to coordinate with monetary policy than for policy responses to be made in isolation.

Persons: Kim Hong, BOK, Jihoon Lee, Sam Holmes Organizations: Bank of, REUTERS, Rights, Bank of Korea, prudential, Thomson Locations: Bank of Korea, Seoul, South Korea, Rights SEOUL

MADISON, Wis. (AP) — The Wisconsin Senate's elections committee was set to vote Monday on the future of the battleground state's top elections official, clearing the way for the full Republican-controlled Senate to vote on firing her as soon as Thursday. Democrats have accused GOP leaders of improperly pushing through the confirmation process for nonpartisan Wisconsin Elections Commission Administrator Meagan Wolfe after the commission's three Republicans and three Democrats deadlocked along party lines in a reappointment vote in June. Wolfe did not attend a public hearing the Senate elections committee held last month on her reappointment. That hearing attracted dozens of election skeptics who repeated widely debunked claims about the 2020 election and called for Wolfe to be fired or even arrested. Elections observers have raised concerns that firing Wolfe or disputing her position through the 2024 election could encourage election skeptics who have already harassed and threatened election officials over the 2020 election.

Persons: Meagan Wolfe, reappoint Wolfe, Wolfe, Joe Biden, Biden, Donald Trump, ___ Organizations: Republican, Democratic, Republicans, Associated Press, America Statehouse News Initiative, America Locations: MADISON, Wis, Wisconsin

☆ Woods joins PGA Tour's policy board as player director
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

"Tiger's voice and leadership throughout his career have contributed immeasurably to the success of the PGA Tour, and to apply both to our governance and go-forward plan at this crucial time is even more welcomed and impactful," said PGA Tour Commissioner Jay Monahan. "I am honoured to represent the players of the PGA Tour," Woods, who is recovering from ankle surgery in April, said in a news release. The announcement comes nearly two months after the golf world was left stunned by the announcement of a framework agreement between the PGA Tour and Saudi Arabia's Public Investment Fund, which controls LIV Golf. According to the PGA Tour, the players and Monahan will work together to amend the Policy Board's governing documents to make it clear that no major decision can be made without the involvement and approval of the player directors. Reporting by Frank Pingue in Toronto Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Woods, Mike Blake, Patrick Cantlay, Charley Hoffman, Peter Malnati, Rory McIlroy, Webb Simpson, Jay Monahan, LIV, Monahan, Colin Neville, Scottie Scheffler, Jon Rahm, Japan's Hideki Matsuyama, Jason Day, Adam Scott, Frank Pingue, Christian Radnedge Organizations: Golf, Reuters, PGA, Saudi Arabia's Public Investment Fund, PGA Tour, PIF, Thomson Locations: Augusta , Georgia, U.S, Toronto

☆ Tiger Woods joins PGA Tour policy board
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTiger Woods joins PGA Tour policy boardSam Bozoian, co-host of "Fore Play" podcast, joins 'Last Call' to talk Tiger Woods taking a position on the PGA Tour's policy board.

Persons: Woods, Sam Bozoian, Tiger Woods Organizations: Tour, Tiger, PGA

Tiger Woods wipes his driver grip on the 18th tee box during the first round of the PGA TOUR Champions PNC Championship at The Ritz-Carlton Golf Club on December 17, 2022 in Orlando, Florida. Ben Jared | PGA Tour | Getty ImagesThe PGA Tour on Tuesday said Tiger Woods would join its policy board, a concession meant to give players more input and oversight as negotiations continue for its controversial deal with Saudi-backed LIV Golf. Woods joins the board less than a month after former AT&T CEO Randall Stephenson resigned due to concerns regarding the Saudi investment. Until the proposed deal was announced, the PGA Tour and LIV were embroiled in antitrust lawsuits – lobbed at each other – as players left the tour for big paydays at LIV. The proposed deal has been met with ire and confusion from lawmakers, members of the tour and fans.

Persons: Woods, Ben Jared, Tiger Woods, LIV, Randall Stephenson, LIV Golf, Saudi Crown Prince Mohammed bin Salman, Patrick Cantlay, Charley Hoffman, Peter Malnati, Rory McIlroy, Webb Simpson, Monahan, Christian Petersen Organizations: PGA, PNC, Ritz, Carlton Golf Club, Saudi, Saudi Arabia Public Investment Fund, Saudi Crown, Augusta National Golf Club, Getty Locations: Orlando , Florida, Saudi, LIV, Augusta , Georgia

CNN —Golf’s power structure took a sharp shift to the players Tuesday when Tiger Woods was named as the sixth player director on the powerful PGA Tour policy board. The move gives the players a one-seat advantage on the board after the controversial merger in June between the PGA Tour and Saudi-backed LIV Golf. Five of the policy board members are independent directors, with professional backgrounds in law and business. “I am honored to represent the players of the PGA TOUR. Many elite PGA golfers accepted highly lucrative offers from LIV Golf, including Phil Mickelson, Dustin Johnson, Sergio Garcia and Bubba Watson.

Persons: Tiger Woods, LIV Golf, ” Woods, Jay, Monahan, Woods, Rory McIlroy, Webb Simpson, Patrick Cantlay, Charley Hoffman, Peter Malnati, McIlroy, LIV, “, Golf, Phil Mickelson, Dustin Johnson, Sergio Garcia, Bubba Watson, Sen, Richard Blumenthal, Greg Norman, ” Monahan, Colin Neville, Neville, Ben Morse Organizations: CNN, Tour, PGA Tour, LIV, PGA, Washington Post, Saudi Public Investment Fund, Capitol Hill, Saudi, Premier Golf League Locations: Saudi, Connecticut

☆ Exclusive: Hunter Biden's gallery sold his art to a Democratic donor 'friend' who Joe Biden named to a prestigious commission
▼ + stars: | 2023-07-24 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +10 min

Internal gallery documents reveal that sales of Hunter Biden's art brought in $1.3 million. The messaging seemed to suggest that Hunter Biden's art patrons came from a rarified universe of collectors who had nothing to do with the hurly burly of politics. Hunter Biden did in fact learn the identity of two buyers, according to three people directly familiar with Hunter Biden's own account of his art career. In the past, Hunter Biden has privately suggested that he could arrange to have friends seated on the commission. In fact, according to the person familiar with Hunter Biden's account, Morris purchased the art through Biden's gallery.

Persons: Hunter Biden, Elizabeth Hirsh Naftali, Kevin Morris, Hunter Biden's, Joe Biden, Hunter, Hirsh Naftali, Biden, Kamala Harris, Hirsh Naftali's, —, Nancy Pelosi, Ian Sams, Bruce Weinstein, it's, Weinstein, Eric Schwerin, Barack Obama, Eric, Schwerin, Abbe Lowell, Lowell, Georges Bergès, Hunter Biden's gallerist, Hunter Biden deplanes, Elizabeth Frantz, Morris, Charlie Horne, Gurr Johns, he'd, Kedric Payne, Mattathias Schwartz Organizations: Service, Biden White, Biden White House, California Democratic, Democratic National Campaign, Commission, America's, RAND Corporation, Air Force, New York Times, Times, Department of Justice Locations: Wall, Silicon, New York, Los Angeles, California, Israel, Europe, Syracuse , New York

SYDNEY, July 14 (Reuters) - Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already flagged that leading the country's central bank through a period of change will be a major priority. Bullock, the first woman to helm the country's central bank, will have the task of leading the bank through its biggest internal shakeup in decades while also maintaining the fight against inflation. "I wasn't sure I would ever be in this position," Bullock said in a 2022 interview with her alma mater. "I never thought that Guy Debelle, who was the deputy governor, would leave the Bank. A review into the central bank published in April recommended sweeping changes including the setup of a separate specialist board to manage monetary policy, less frequent meetings and more public communication.

Persons: Michele Bullock, Philip Lowe, Bullock, Anthony Albanese, Jim Chalmers, Michele, Jonathan Kearns, Bullock's, Guy Debelle, Lowe, Su, Lin Ong, Lewis Jackson, Stella Qiu, Praveen Menon Organizations: SYDNEY, Reserve Bank, University of New, London School of Economics, Challenger, RBC Capital Markets, Thomson Locations: University of New England, Armidale, Sydney, Lincoln

☆ Saudi golf shot plays through CFIUS hazards
▼ + stars: | 2023-07-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

U.S. congressional lawmakers scrutinized PGA Tour officials on Tuesday this week about the group’s tie-up with a rival golf tournament owned by Saudi Arabia. Enter the Saudis, who launched an upstart golf tournament last year, LIV Golf, that competed with the U.S.-based PGA Tour and its European counterpart DTP. There are worries that Saudi Arabia, a regime viewed as hostile to women and LGBTQ groups, would have significant sway over golf’s culture. LIV Golf is owned by Saudi Arabia Public Investment Fund. Former AT&T Chief Executive Randall Stephenson resigned from the PGA Tour policy board, the Washington Post reported on July 9.

Persons: State Condoleezza Rice, Darla Moore, Covid, LIV Golf, Phil Mickelson, Brooks Koepka, Yasir Al, Ed Herlihy, Wachtell, Lipton, Katz, hasn’t, Randall Stephenson, Jamal Khashoggi, ”, Richard Blumenthal, –, Sherrod Brown, Maxine Waters, Janet Yellen, LIV Golf’s, Joe Biden hasn't, Saudi Arabian Crown Prince Mohammed bin Salman, Khashoggi, Uncle Sam, Refinitiv, China’s ByteDance, LIV, Stephenson, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Public Investment Fund, Augusta National Golf Club, State, U.S, PGA, LIV, Rosen, Breakingviews, Former AT, PGA Tour, Saudi, Department of Justice, Foreign Investment, U.S . Treasury, Saudi Arabian Crown, Walmart, Visa, Uber Technologies, Nation Entertainment, National Basketball League, Houston Rockets, People’s, NBA, backtrack, FIFA, Qatar, The Justice Department, Treasury, Committee, Homeland Security, Governmental Affairs, Saudi Arabia Public Investment Fund, T, Washington Post, Thomson Locations: Saudi Arabia, United States, American, U.S, South Carolina, Iran, China, Saudi, Hong Kong, People’s Republic, Beijing

The Bank of Korea (BOK) said its seven-member monetary policy board voted to keep the base rate (KROCRT=ECI) unchanged at 3.50%, as it did in meetings in February, April and May. "The Board will maintain a restrictive policy stance for a considerable time with an emphasis on ensuring price stability," the BOK said in a statement. The BOK has kept monetary policy unchanged since its last interest rate hike in January and its tightening campaign, which began in August 2021, is widely expected to be over. The rate stood at 2.7% in June this year, although it is still higher than the central bank's medium-term target of 2%. South Korea's import prices fell in annual terms for a fifth month in June and marked the steepest drop in more than eight years, central bank data showed earlier on Thursday.

Persons: BOK, Governor Rhee Chang, Jihoon Lee, Joyce Lee, Jacqueline Wong Organizations: Bank of Korea, Reuters, Thomson Locations: SEOUL, China

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