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The audit has not changed the U.S. Treasury's view that the bank must make reforms before the department will support disbursements from the Afghan Fund to Da Afghanistan Bank, or DAB, as the central bank is known, said a U.S. Treasury official on condition of anonymity. It also must prove that it has "adequate" controls against money-laundering and terrorism financing and install a "reputable" independent monitor, said the Treasury official. A Taliban administration spokesman and a spokesperson for the Afghan central bank did not respond to request for comment. Afghanistan remains mired in grave humanitarian and economic crises that some experts say has been worsened by U.S. restrictions hampering DAB's ability to perform key central bank functions, such as ensuring stable exchange rates and prices. Calling the audit a "preliminary assessment," the Treasury official said its "limitations" suggested that "more comprehensive third-party assessment efforts may be needed."

Persons: ”, disbursements, Shah Mehrabi, Mehrabi, Anwar ul, Haq Ahady, Jonathan Landay, Charlotte Greenfield, Don Durfee Organizations: U.S ., Afghan, Da, Da Afghanistan Bank, Treasury, Federal Reserve Bank of New, DAB, U.S . Agency for International Development, USAID, U.S, Afghan Fund, State Department, The State Department, Reuters, Thomson Locations: WASHINGTON, ISLAMABAD, U.S, Da Afghanistan, Swiss, Federal Reserve Bank of New York, Afghan, Washington, United States, Afghanistan, American

☆ British Prime Minister Rishi Sunak braced for defeats in key elections
▼ + stars: | 2023-07-20 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

Sunak, a former finance minister and investment banker, has cultivated an image as a technocrat who can solve complex policy challenges. About two-thirds of voters currently have an unfavourable view of Sunak, the poll found. The betting odds suggest the Conservatives will lose all three elections, even though the party won large majorities in two of them in 2019. In Somerton and Frome in southwest England, the opposition Liberal Democrats are hoping to overturn a Conservative majority of 19,213. Asked if the prime minister was confident of winning the three seats, a spokeswoman for Sunak said by-elections were historically difficult for governments, and the contest that the Conservatives were most focused on was the general election.

Persons: Rishi Sunak, Boris Johnson, Sunak, Andrew MacAskill, Elizabeth Piper, Alex Richardson Organizations: Labour, Labour Party, Conservatives, Liberal Democrats, Conservative, Thomson Locations: Downing, Selby, Ainsty, England, Somerton, Frome, Uxbridge, South Ruislip, London

☆ Oil steadies as investors eye US crude supplies
▼ + stars: | 2023-07-18 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Summary Both benchmarks dip more than 1.5% on MondayInvestors eye US crude, product inventories dataChina's frail growth raises urgency for policy supportLONDON, July 18 (Reuters) - Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Both benchmark contracts had fallen more than 1.5% on Monday following lacklustre economic data from China, the world’s largest oil importer, as well as the partial restart of some Libyan oilfields. Brent crude was up 26 cents at $78.76 a barrel by 1151 GMT, while U.S. West Texas Intermediate (WTI) crude rose 28 cents to $74.43 a barrel in relatively muted trading, with the contract set to expire on Thursday. Market participants were awaiting industry data later on Tuesday that is expected to show U.S. crude oil stockpiles and product inventories fell last week. Still, global supplies are expected to see a boost from the resumption of output at two of three Libyan fields that were shuttered last week.

Persons: Brent, Rong Yeap, John Evans, Evans, Natalie Grover, Stephanie Kelly, Andrew Hayley, Jason Neely, David Holmes Organizations: Investors, U.S, West Texas, Energy, Administration, IG, Thomson Locations: China, U.S, Singapore, Saudi Arabia, London, New York, Beijing

☆ Oil steadies as investors digest China gloom, eye US crude supplies
▼ + stars: | 2023-07-18 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Summary Both benchmarks dip more than 1.5% on MondayInvestors eye US crude, product inventories dataChina's frail growth raises urgency for policy supportLONDON, July 18 (Reuters) - Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Brent crude was down 1 cent at $78.49 a barrel by 0753 GMT, while U.S. West Texas Intermediate crude edged up 1 cent to $74.16 a barrel. Both contracts fell more than 1.5% on Monday, following lacklustre Chinese data and the partial restart of some Libyan oilfields. Market participants were awaiting industry data later on Tuesday that is expected to show U.S. crude oil stockpiles and product inventories fell last week. Still, global supplies are expected to see a boost from the resumption of output at two of three Libyan fields that were shuttered last week.

Persons: Brent, Rong Yeap, John Evans, Natalie Grover, Stephanie Kelly, Andrew Hayley, Lincoln, Jason Neely Organizations: Investors, U.S, West Texas, IG, Energy, Administration, Saudi, Thomson Locations: China, Singapore, U.S, London, New York, Beijing

Summary Market claws back some of Monday's lossesUS crude, product inventories seen down last weekChina's frail growth raises urgency for policy supportJuly 18 (Reuters) - Oil prices edged higher in early trade on Tuesday after sinking in the previous session on weaker-than-expected Chinese economic growth, as investors eyed a possible tightening of U.S. crude supplies. Brent crude gained 11 cents to $78.61 a barrel by 0017 GMT, while U.S. West Texas Intermediate crude rose 15 cents to $74.30 a barrel. Investors awaited industry data later on Tuesday that was expected to show U.S. crude oil stockpiles and product inventories likely fell last week. Still, global supplies could see a boost from the resumption of output at two of three Libyan fields that were shut last week. Output had been halted by a protest against the abduction of a former finance minister.

Persons: Brent, Stephanie Kelly, Sonali Paul Organizations: U.S, West Texas, Energy, Administration, Thomson Locations: U.S

☆ Oil prices inch up as U.S. crude supplies seen tightening
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: +1 min

Oil prices edged higher in early trade on Tuesday after sinking in the previous session on weaker-than-expected Chinese economic growth, as investors eyed a possible tightening of U.S. crude supplies. Brent crude gained 11 cents to $78.61 a barrel by 0017 GMT, while U.S. West Texas Intermediate crude rose 15 cents to $74.30 a barrel. Investors awaited industry data later on Tuesday that was expected to show U.S. crude oil stockpiles and product inventories likely fell last week. Still, global supplies could see a boost from the resumption of output at two of three Libyan fields that were shut last week. The country's gross domestic product grew 6.3% year-on-year in the second quarter, compared with analyst forecasts of 7.3%, as its post-pandemic recovery lost momentum.

Persons: Brent Organizations: U.S, West Texas, Energy, Administration Locations: U.S

☆ Oil dips more than 1% as Chinese GDP dents demand hopes
▼ + stars: | 2023-07-17 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +2 min

China's gross domestic product (GDP) grew 6.3% year-on-year in the second quarter, compared with analyst forecasts of 7.3%, as its post-pandemic recovery lost momentum. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. Oil briefly rose after a Reuters news alert on Saudi Arabia extending a voluntary output cut. Oil also came under pressure on Monday from the resumption of output at two of three Libyan fields shut last week. Output had been halted by a protest against the abduction of a former finance minister.

Persons: Warren Patterson, ING's, Brent, Dennis Kissler, Arathy Somasekhar, Alex Lawler, Florence Tan, Mohi Narayan, David Goodman, Mike Harrison, Barbara Lewis Organizations: . West Texas, BOK Financial, Oil, Thomson Locations: HOUSTON, China, Saudi Arabia, Moscow, Houston

☆ Oil slides more than 1% as Chinese GDP dents demand hopes
▼ + stars: | 2023-07-17 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

"The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. "China data was always looked forward to with a degree of hope; well, for bulls anyway," John Evans of oil broker PVM said in a report. Oil briefly rose after a Reuters news alert on Saudi Arabia extending a voluntary output cut. Oil also came under pressure on Monday from the resumption of output at two of the three Libyan fields that were shut last week. Reporting by Alex Lawler Additional reporting by Florence Tan and Mohi Narayan Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Warren Patterson, ING's, Brent, John Evans, PVM, Oil, Alex Lawler, Florence Tan, Mohi Narayan, David Goodman Organizations: . West Texas, Thomson Locations: China, Saudi Arabia, Libya, Nigeria, Moscow

2 oil consumer, while Libya resumed production on the weekend. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. "Apparent oil demand grew at a strong pace year on year, but the market seems focused on the headline (GDP) numbers," Patterson said. "They are stockpiling crude at low prices, and waiting for recession to hit the West before going full on with stimulus," Grasso said. Reporting by Florence Tan and Mohi Narayan; Editing by Tom Hogue and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: China's, Warren Patterson, ING's, Patterson, Stefano Grasso, Grasso, El, Vandana Hari, Hari, Florence Tan, Mohi Narayan, Tom Hogue, Sonali Paul Organizations: Brent, U.S . West Texas, National Bureau, Statistics, Shell, Vanda Insights, Thomson Locations: China, Libya, U.S, Beijing, 8VantEdge, Singapore, Nigerian, Russia, Moscow, Saudi Arabia

☆ Oil slips on weak China GDP data, resumption of Libya output
▼ + stars: | 2023-07-17 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

2 oil consumer as Libya resumed production over the weekend. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. "Apparent oil demand grew at a strong pace year on year, but the market seems focused on the headline (GDP) numbers," Patterson said. "They are stockpiling crude at low prices, and waiting for recession to hit the West, before going full on with stimulus," Grasso said. In Russia, oil exports from western ports are set to fall by some 100,000-200,000 bpd next month from July, a sign Moscow is making good on a pledge for fresh supply cuts in tandem with OPEC leader Saudi Arabia, two sources said on Friday.

Persons: Warren Patterson, ING's, Patterson, Stefano Grasso, Grasso, El, Florence Tan, Sonali Paul, Tom Hogue Organizations: Brent, U.S . West Texas, National Bureau, Statistics, Shell, Thomson Locations: China, SINGAPORE, Libya, U.S, Beijing, 8VantEdge, Singapore, Nigerian, Russia, Moscow, Saudi Arabia

☆ Oil slips after Libya resumes output, China data eyed
▼ + stars: | 2023-07-17 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

Prices softened after both benchmarks last week notched a third straight week of gains and touched their highest levels since April when output was shut at oilfields in Libya and Shell halted exports of a Nigerian crude, tightening supply. Two of the three Libyan oilfields shut on Thursday, the Sharara and El Feel oilfields with a total production capacity of 370,000 barrels per day (bpd), resumed on Saturday evening, four oil engineers and oil ministry said. Output was halted in protest against the abduction of a former finance minister. There is also some nervousness among traders ahead of another big week ahead for economic data from China, the UK and Japan, he added. Reporting by Florence Tan; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Tony Sycamore, BoE, Sycamore, Florence Tan, Sonali Paul Organizations: Libya, Brent, West Texas, Shell, Federal Reserve, Market, Thomson Locations: China, SINGAPORE, Libya, Nigerian, El, Russia, Moscow, Saudi Arabia, U.S, Japan

☆ Oil dips over 1.5% on demand fears after weak Chinese data
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: +2 min

A very large oil tanker docked at the 300,000-ton crude oil terminal at Yantai Port in Yantai, Shandong province, China, June 16, 2023. Oil dropped by more than 1.5% on Monday after weaker than expected Chinese economic growth raised doubts over the strength of demand in the world's second biggest oil consumer, and a partial restart of halted Libyan output also pressured prices. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. Oil briefly rose after a Reuters news alert on Saudi Arabia extending a voluntary output cut. Oil also came under pressure on Monday from the resumption of output at two of three Libyan fields shut last week.

Persons: Warren Patterson, ING's, Brent, Dennis Kissler Organizations: . West Texas, BOK Financial, Oil, Energy, Administration Locations: Yantai, Shandong province, China, Saudi Arabia, Moscow

☆ China’s Rebound Falters, Tripped Up by Debt and Weak Exports
▼ + stars: | 2023-07-16 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +5 min

China’s economy is flashing many warning signs. Weak spending is pushing China close to a dangerous trend known as deflation: Consumer prices are flat, and wholesale prices paid by companies are actually falling. “It’s not a strong recovery; the economy is quite weak,” said Wang Dan, the chief economist at Hang Seng Bank China. Some companies are also moving supply chains out of China, which will have a longer-lasting effect on exports, Mr. Fattal said. But a huge accumulation of debt, particularly at the level of local governments, has made that hard to do.

Persons: ”, Diana Choyleva, “ It’s, Wang Dan, Richard Fattal, Fattal, Lou Jiwei, Cui Dongshu, Fu Linghui, Lou, Ms, Wang, Li You Organizations: Enodo, National Bureau, Statistics, Investment, Hang Seng Bank China, National Bureau of Statistics, Administration, Customs, Companies, Workers, China, China Passenger Car Association Locations: Shanghai, London, China, Baoding, United States, Europe

☆ Mozambique ex-finance minister denied bail in New York over $2 billion 'tuna bond' scandal
▼ + stars: | 2023-07-14 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +3 min

Judge Nicholas Garaufis denied the defendant's request for bail, deeming Chang a flight risk. the judge asked Chang's lawyer, Adam Ford. Hinting at his future defense, Chang's lawyer stated that although his client's signature is on the loan documents, it doesn't indicate he knew about the fraud. Judge Garaufis responded "I'm asking because I understand you have a master's degree from the University of London." Chang's lawyer stated that given the significance of the proceedings, it would be helpful for his client to have an interpreter.

Persons: Manuel Chang, Chang, Judge Nicholas Garaufis, Adam Ford, Ford, Hiral Mehta, Garaufis, Chang's, Judge Garaufis Organizations: Credit Suisse, UN, Prosecutors, Three Credit Suisse, University of London Locations: Brooklyn, South Africa, Mozambique, Manhattan, United States, Portuguese

☆ Mortgage rates in Britain hit 15-year high — with many fearful there's more misery to come
▼ + stars: | 2023-07-11 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

It means mortgage costs are now at their highest level since August 2008 during the global financial crisis. The average 5-year mortgage rate rose to 6.17% on Tuesday, Moneyfacts said, a marginal increase from Monday but still some way off the 6.51% level reached on Oct. 20. U.K. mortgage costs, which had staged a recovery in the months following the "mini-budget" crisis, have soared recently following 13 consecutive rate hikes by the Bank of England. Most recently, the central bank increased rates by 50 basis points to 5%, a bigger increase than many had expected. Renters, too, are likely to see their payments increase as buy-to-let landlords pass on higher mortgage repayments.

Persons: Kwasi, Moneyfacts, Andrew Bailey Organizations: Financial, Authority, London Borough, Finance, Bank of England Locations: Enfield, England, London

☆ Pakistan's Imran Khan expresses support for bailout deal in IMF meeting
▼ + stars: | 2023-07-07 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +4 min

Hammad Azhar, a former finance minister under Khan, who attended the meeting virtually, said in a post on Twitter that the former premier and his economic team had discussed last week's staff-level deal between the IMF and Pakistan's government. The new deal, which will be vital to help stabilise Pakistan's struggling $350 billion economy, will be taken up for approval by the IMF board on July 12. Khan's government deviated from agreements under an earlier IMF programme days before he was ousted in a parliamentary vote last year, leading to a delay in the implementation of the programme and increased economic uncertainty. The meeting is the highest profile engagement for Khan and his the PTI since he was ousted from power less than four years into his five-year term. Many of Khan's key aides remain under arrest and many others, like Azhar, are in hiding.

Persons: Khan, Imran Khan, Hammad Azhar, Azhar, Nathan Porter, Esther Perez Ruiz, Shehbaz Sharif, Gibran Peshimam, William Maclean, David Holmes Organizations: International Monetary Fund, IMF, Twitter, Mission, Khan's, PTI, Thomson Locations: KARACHI, Pakistan, Lahore

☆ Costa Rica charges former president Solis with corruption
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

SAN JOSE, July 6 (Reuters) - Costa Rica said on Thursday it has charged former President Luis Guillermo Solis with corruption, accusing him of involvement in a 2017 improper transfer of government funds to state-owned Bancredito. Solis, who governed between 2014 and 2018, denied the charges. "I categorically reject the charges that have been brought against me," the former center-left leader said in a video posted on Twitter. "I know I did not commit any crime," he said in a text message to Reuters. "This is a case that has already been prosecuted," he wrote in a text message, saying he would not comment further.

Persons: Luis Guillermo Solis, Solis, Helios Fallas, Sergio Alfaro, Alfaro, Fallas, Alvaro Murillo, Brendan O'Boyle, Edwina Gibbs, Clarence Fernandez Organizations: JOSE, Twitter, Reuters, Thomson Locations: Costa Rica

☆ Ex finance chief of collapsed Carillion hit with 11-year ban
▼ + stars: | 2023-07-03 | by ( Kirstin Ridley | ) www.reuters.com time to read: +2 min

Zafar Khan, who stepped down as Carillion's finance director after just nine months in the job shortly before the business collapsed in January 2018, had voluntarily agreed to the disqualification, the Insolvency Service said on Monday. Carillion employed 43,000 people before it collapsed in Britain's biggest bankruptcy in a decade. The Insolvency Service applied for eight directors linked to the business to be disqualified and the Financial Conduct Authority fined three former executives in 2022, including Khan, for "recklessly" publishing misleading financial statements. Litigation is continuing against other directors and a trial has been set for Oct. 16, the Insolvency Service said. ($1 = 0.7881 pounds)Reporting by Kirstin Ridley Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Carillion, Zafar Khan, Khan, Ben Drew, Kirstin Ridley, Mark Potter Organizations: Service, Financial, LinkedIn, Litigation, Thomson Locations: British, Fladgate

☆ Pakistan's economic meltdown spurs more people to risk lives to reach Europe
▼ + stars: | 2023-06-23 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +9 min

He is missing and presumed dead, according to his brother, highlighting the perils faced by people who seek to enter Europe illegally. Cash-strapped Pakistan's $350 billion economy is in a meltdown, with inflation at a record 38%. Pakistan's information ministry did not respond to questions from Reuters about economic factors fuelling migration. 3 nationality registered in Italy coming from Libya, after Egyptians and Bangladeshis, a Frontex spokesperson told Reuters in an email. At least 209 Pakistanis were believed to be on board, according to official data based on information provided by relatives.

Persons: Muhammad Sarwar Bhatti, Hameed Iqbal Bhatti, Salahuddin, Bhatti, Hafeez Pasha, Muhammad Nadeem, Nadeem, Kosar Bibi, Bibi, Sarwar Warraich, Muhammad Zubair, Muhammad Nazim, Nazim, Muhammad Ali, Anish Raza, Haji Ilyas, Ilyas, puffing, Israr Mirza, Mirza, Gibran Peshimam, Ariba Shahid, David Crawshaw Organizations: Reuters, REUTERS, Cash, Federal Investigation Agency, FIA, OF, International Monetary Fund, Migrant Resource Centre, College, Thomson Locations: Greece, Khuiratta, Pakistan, Kashmir, Saudi Arabia, Europe, Libya, Italy, Gujrat, Italian, Ferrara, Turkey, Bhojpur, Gujrat district, Spain, EU, Lahore, Islamabad

FALLING STARWhen Odey set up Odey Asset Management, it was in the afterglow of then British Prime Minister Margaret Thatcher's deregulation of the stock market in London's 1986 "Big Bang". Privately educated at the elite Harrow school, Odey left Oxford University and began his career in traditional asset management before launching Odey Asset Management. But fund performance at Odey Asset Management has been a rollercoaster, with Odey renowned for taking risks. He liked to say leverage was like a drug - once you experienced it, you could never live without it, one hedge fund manager said. Lawmakers on Britain's Treasury Select Committee have written to the FCA to question the regulator's supervision of Odey Asset Management and Odey.

Persons: Crispin Odey, Odey, Banks, Robert Sears, CIOs, Don Steinbrugge, Margaret Thatcher's, Egerton Capital, Marshall Wace, Winton, Kwasi Kwarteng, Maiya Keidan, Nell Mackenzie, Iain Withers, Lawrence White, Dhara Ranasinghe, Elisa Martinuzzi, Alex Richardson Organizations: TORONTO, Reuters, Odey Asset Management, FT, Tortoise Media, Odey, Management, Britain's Financial, Authority, Generation Partners, Odey's, HSBC, Inc, Wall Street, Agecroft Partners, British, Harrow, Oxford University, Conservative Party, Barclays, Peugeot, Hong Kong, Lawmakers, FCA, Thomson Locations: LONDON, City, London, Toronto

☆ Montenegro court jails 'cryptocurrency king' Do Kwon for four months -media
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

A South Korean national, Kwon is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022, roiling cryptocurrency markets. Police said after arresting them they had found doctored Costa Rican passports, a separate set of Belgian passports, laptop computers and other devices in their luggage. The sentence follows a court hearing last week at which Do Kwon dropped his request for checking authenticity of the Costa Rican passports after Interpol's confirmation they were fake. South Korean and U.S. authorities have sought the extradition of Kwon and Han and the handover of the computers. Following Kwon's arrest, the U.S. District Court in Manhattan made public an eight-count indictment against him for securities fraud, wire fraud, commodities fraud and conspiracy.

Persons: Do Kwon, Kwon, Han Chang, joon, Han, Daria Sito, Gareth Jones, Jason Neely Organizations: Korean, Labs, Police, Costa, U.S, Thomson Locations: SARAJEVO, Montenegro, U.S, South Korea, Dubai, Podgorica, Montenegro's, Rican, Costa Rican, Manhattan

☆ Eye on Expo 2030, Rome Dreams of Reinvigoration
▼ + stars: | 2023-06-19 | by ( Jason Horowitz | ) www.nytimes.com time to read: +1 min

“The city has reached its lowest point and is relaunching, and all the numbers and data are clear on the growth,” said Rome’s mayor, Roberto Gualtieri, a former finance minister. “The expo would be the cherry on the cake. But honestly, our strategy does not only depend on Expo.”The mayor said in an interview that Romans would soon see real changes. An embattled 600-million-euro waste-to-energy plant to solve the city’s horrific garbage problem was “fully on track” to start working in 2026. But despite the mayor’s optimism, the city is still in maddeningly shabby shape and needs all the help it can get.

Persons: ”, Roberto Gualtieri, “ Organizations: Rome’s Locations: ”

☆ Montenegro holds parliamentary vote to secure reforms, EU path
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +3 min

The parliamentary vote is the first in the small former Yugoslav republic since Milo Djukanovic, former leader of the Democratic Party of Socialists (DPS), lost the presidential election in April and stepped down after 30 years in power. Polling stations for the 540,000-strong electorate open at 7 a.m. (0500 GMT) and close at 8 p.m. (1800 GMT). The state election commission said 15 parties and alliances will compete for 81 parliamentary seats in the nation of just over 620,000 people. Montenegro is a candidate to join the EU, but it must first root out corruption, nepotism and organised crime. After Russia's invasion of Ukraine last year, Montenegro - unlike Serbia - joined EU sanctions against Moscow.

Persons: Djukanovic, Milo Djukanovic, Jakov Milatovic, Milojko Spajic, Danijel Zivkovic, Zivkovic, Moscow, Aleksandar Vasovic, Stevo, Helen Popper Our Organizations: PODGORICA, NATO, European Union, Democratic Party of Socialists, Centre for Democracy, Human, European, Finance, EU DPS, Russia Democratic Front, Serbian Orthodox, EU, Serbian, Moscow, Thomson Locations: Yugoslav, EU, Montenegro, Serbia, Serbian, Ukraine, Belgrade, Podgorica

☆ I wanted to simplify my life, so I downsized my big house for a rental home and sold most of my stuff. I feel like I can breathe for the first time in years.
▼ + stars: | 2023-06-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +7 min

Lauren CobelloMy old house sold in a dayMy old house sold in a day for $185,000 — $16,000 above the asking price. The old house had room for plenty of sleepovers; we would host large ones for birthdays, but we can't do that in the new house. Cobello's new home (right) is about a third of the size of her old house. In the old house, my monthly expenses included $350 on property taxes, around $26 on garbage collection, and close to $66 on water. After paying off my mortgage on the old house, my proceeds from selling it will be around $55,000.

Persons: Lauren Cobello, —, I'd, Cobello, Bob Ruggio, I've, It's, I'm Organizations: Service, WEBGIO, Facebook, Walmart Locations: New York, Oswego, homeownership

☆ Morning Bid: Fresh lira low, focus on Fed
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Kevin BucklandAnother day, another market-positive appointment from Turkish President Tayyip Erdogan, and yet, another record low for the lira. Erdogan is making all the right noises to signal a return to more orthodox policy, picking U.S. banking executive Hafize Gaye Erkan as head of the central bank. Even so, the lira is seemingly in freefall, reaching an unprecedented 23.54 per dollar in Asian hours and extending this month's drop to 12%. ECB Vice President Luis de Guindos has a chance to air his views at an event in Madrid. Reuters GraphicsKey developments that could influence markets on Friday:Sweden GDP and industrial productionItaly industrial outputECB Vice President Luis de Guindos speaks at conference in MadridReporting by Kevin Buckland; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Buckland Another, Tayyip Erdogan, Erdogan, Hafize Gaye Erkan, Mehmet Simsek, Rodrigo Catril, Luis de Guindos, Kazuo Ueda, Kevin Buckland, Edmund Klamann Organizations: Reuters Graphics Reuters, Federal Reserve, ECB, Bank of Japan, Fed, SEC, Reuters, Thomson Locations: freefall, Europe, Canada, Australia, Madrid, Sweden, Italy

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