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Last update: Fri, 27 May 2016 05am

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IMF says not ready to add funds to Greece bailout as it stands now WASHINGTON: The International Monetary Fund said Wednesday that it was not ready to add its funds to the EU rescue program for Greece, saying debt relief for Athens still needs to be detailed.Speaking after a deal was reached for the release of more European Union funds to Greece, a senior IMF official said the Fund hoped that EU creditors would be able to meet its conditions on debt relief to join the bailout by the end of this year."Greece is in a situation where it needs a disbursement, and so we were certainly willing to concede on some points," said the official, speaking to journalists on condition of anonymity after the all-night negotiations in Brussels."But we have not conceded on the point that we need adequate assurances regarding debt relief before we go to our board... I am hopeful we will get there."European Union creditors have insisted that the IMF ...

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Obama says G7 Hiroshima trip to honour 'all' war dead ISE-SHIMA: Barack Obama's historic visit to Hiroshima this week "will honour all those who were lost in World War II" the US president said Wednesday, hours after arriving in Japan for a Group of Seven summit.Obama and his fellow world leaders from the club of rich democracies are gathering for a meeting where much energy will be spent discussing the lacklustre state of the global economy.But it will be Obama's trip to Hiroshima as the ...

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US election: Official probe slams Clinton's private email use WASHINGTON: An official inquiry has found serious shortcomings in how US presidential candidate Hillary Clinton and her predecessors in her former post as secretary of state managed the security of their emails.A report made public Wednesday by the State Department's independent inspector general found "longstanding, systemic weaknesses related to electronic records and communications" in the office of the secretary.Clinton is the frontrunner to secure the Democratic Party nomination to run in November's presidential election, but ...

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Obama moves to soothe Japanese anger over death on Okinawa ISE-SHIMA: US President Barack Obama on Wednesday sought to ease Japanese anger over the death of a woman on Okinawa, expressing his "deepest regrets" and saying his country would cooperate in the prosecution of an American arrested over the crime.A series of crimes, including rapes, assaults and hit-and-run vehicle accidents by US military personnel, dependants and civilians have for years sparked local protests on the crowded island that hosts numerous US military bases.Public anger boiled ...

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Global stocks rally rolls on LONDON: European stocks jumped Wednesday, mirroring gains in Asia, as investors welcomed Greece's debt relief deal, bright German data, easing Brexit concerns and firmer oil prices.The region's markets had also climbed the previous day as opinion polls suggested Britain would vote to remain in the European Union in a crucial referendum next month.Sentiment was boosted further Wednesday after eurozone ministers clinched a vital agreement with Greece to unlock more bailout cash and start tackling the ...