Latest news with #BlueBay
Yahoo
06-04-2025
- Sport
- Yahoo
Rio Takeda fires closing 64 to run away with Blue Bay LPGA in China
Rio Takeda fires closing 64 to run away with Blue Bay LPGA in China Rio Takeda fires closing 64 to run away with Blue Bay LPGA in China SANYA, China — Rio Takeda shot a blistering 8-under 64 on Sunday to win the LPGA's Blue Bay tournament by six shots ahead of Minjee Lee of Australia, the second LPGA title for the young Japanese. The 21-year-old Takeda finished on 17-under 271 for the four rounds on China's southern island of Hainan. She opened with rounds of 69-69-69 before carding the 64. Advertisement Lee closed with a 67 to finish on 277 with Japanese Ayaka Furue a further shot back after a 68 to finish on 10-under 278. Blue Bay LPGA 2025 - Final Round Blue Bay LPGA 2025 prize money: Full $2.5 million purse payout in China Here's how the purse was paid out at the LPGA's Blue Bay event in China. Takeda won her first LPGA title four months ago, taking the Toto Japan Classic in a six-hole sudden-death playoff. Jeeno Thitikul, the LPGA's No. 2-ranked player, closed with a disappointing 74 and was 13 strokes off the pace. She finished on 4-under 284. It was also a disappointing tournament for Ruoning Yin of China. She is ranked No. 4 but finished with a 73 and was 19 shots off the winning pace.
Wall Street Journal
03-04-2025
- Business
- Wall Street Journal
New Tariffs to Push Inflation up 1%: BlueBay
Tariffs will result in a 1% increase in the headline CPI, or consumer-price index, according to Andrzej Skiba, BlueBay Asset Management's head of fixed income. That will prevent the Fed from cutting interest rates in coming months regardless of likely slowing in economic activity, he said. The new measures will deliver a 10% increase 'end state' after accounting for retaliation by targeted countries and unwinds of some levies, he said. Gross-domestic product growth will likely slow to 1.5% but the economy is unlikely to fall into recession, according to BlueBay, which is a unit of RBC Global Asset Management. The combination of higher inflation and slower growth will suppress any temporary relief from the arrival of the long-awaited tariffs, Skiba said.
Asharq Al-Awsat
25-03-2025
- Business
- Asharq Al-Awsat
Türkiye's Simsek Seeks to Calm Investors, Says Market Strains Will Be Managed, Sources Say
Turkish Finance Minister Mehmet Simsek and Central Bank Governor Fatih Karahan told international investors on Tuesday that they would do whatever was needed to tame market turmoil triggered by the arrest of President Recep Tayyip Erdogan's main political rival. Police detained Mayor Ekrem Imamoglu, Erdogan's main political rival, last Wednesday, and a court jailed him on Sunday pending trial on corruption charges, sparking Türkiye's biggest protests in more than a decade and a major market sell-off. Simsek told investors he would not comment on judicial matters and the events of the last two weeks, but said there would be no lasting impact on the economy and that he intended to stay in his post, according to two sources on the call. He also said there would be no change in approach to the economic turnaround program he introduced in mid-2023 when the country was in the midst of its most recent currency crisis. "They steered almost completely clear of the political crisis," one participant on the call said. A statement from the finance ministry after the call confirmed that Simsek had reiterated his view that there would be no lasting damage to the economy and that further measures would be taken if needed. Central bank governor Fatih Karahan told the call that he sees the market turmoil as a temporary blip, one participant said. He also repeated something Simsek had said earlier, that Türkiye will do "whatever it takes" to tame inflation, two sources said. Journalists were not invited to the call, but participants said Simsek added that the Treasury could reduce bond issuance as part of its response, and that it also had the option of so-called FX-linked bonds, that give buyers some protection against big currency swings. The minister also said he expected Türkiye to benefit from better bilateral relations with the United States. Later on Tuesday, Turkish Foreign Minister Hakan Fidan is to meet Foreign Secretary Marco Rubio in Washington. Veteran emerging market analyst Tim Ash at fund manager BlueBay said the call, which also detailed how "offshore" investors had accounted for 60% of FX demand during last week's selloff, had been a "coordinated effort to engage with the international investment community, and re-assure." REBOUND Markets were continuing to stabilize after the call drew to a close with the Istanbul stock market finishing the day up 4.5% and the lira steady at just under 38 to the dollar. The Borsa Istanbul ended last week down 16.6%, its worst drop since the peak of the global financial crisis in October 2008. The lira had dropped more than 10% at the height of the rout on Wednesday. Tuesday's moves also saw the banking sub-index win back another 5.3%. It slumped more than 26% last week and has now recovered around 7.5% of that. The Treasury, central bank, the BDDK banking watchdog and capital markets board had already held a series of meetings with market actors over the weekend and announced several steps. The measures had begun with the central bank raising the upper band of the interest rate corridor by 2 points to 46% in an interim meeting last week, pausing funding from the policy rate. While the central bank took a tightening step of close to 400 basis points, it also sold around $14 billion in foreign exchange. Additionally, it has started liquidity note issuance and TL-settled forward foreign exchange sales transactions. The Turkish central bank's net FX position dropped by some $27 billion due to FX sales last week since Wednesday, according to bankers' calculations from the bank's balance sheet. Short selling on the Istanbul stock market has been banned for one month. Türkiye's international sovereign bonds were also continuing to claw back some of last week's losses, with the 2045 maturity up almost 1 cent on the dollar at 84.6 cents on the dollar, Tradeweb data showed, after falling more than 3 cents last week. Türkiye's five-year credit default swaps, which investors often use as a hedge against turmoil, eased again too, ending the day back under 300 basis points according to S&P Global Market Intelligence, having spiked to almost 330 from 260 last week. Turkish lira implied FX volatility gauges and risk reversals eased slightly, although they remained highly elevated, having soared to their highest levels since the country's last currency crisis in mid-2023, data from Fenics showed. Ahead of Tuesday's investor call, Himanshu Porwal, EM analyst at Seaport Global had said that the markets had already been reacting positively to the measures taken to settle the markets in recent days. "I think they (central bank, finance minister) have been doing what is required. FX is usually the first trigger you look at and so far the move has been contained, so I think people are coming to terms with it already," Porwal said.
NBC Sports
09-03-2025
- Business
- NBC Sports
Blue Bay LPGA 2025 prize money: Full $2.5 million purse payout in China
Rio Takeda earned her second LPGA win — and first as a tour member — at the Blue Bay event in China. With it, she collected $375,000 of the $2.5 million purse. Here's a look at the full payout from the LPGA's final tournament of its early-season Asia swing:
NBC Sports
09-03-2025
- Sport
- NBC Sports
Rio Takeda fires closing 64 to run away with Blue Bay LPGA in China
SANYA, China — Rio Takeda shot a blistering 8-under 64 on Sunday to win the LPGA's Blue Bay tournament by six shots ahead of Minjee Lee of Australia, the second LPGA title for the young Japanese. The 21-year-old Takeda finished on 17-under 271 for the four rounds on China's southern island of Hainan. She opened with rounds of 69-69-69 before carding the 64. Lee closed with a 67 to finish on 277 with Japanese Ayaka Furue a further shot back after a 68 to finish on 10-under 278. Takeda won her first LPGA title four months ago, taking the Toto Japan Classic in a six-hole sudden-death playoff. Jeeno Thitikul, the LPGA's No. 2-ranked player, closed with a disappointing 74 and was 13 strokes off the pace. She finished on 4-under 284. It was also a disappointing tournament for Ruoning Yin of China. She is ranked No. 4 but finished with a 73 and was 19 shots off the winning pace.
