By Alana Wise and Jeff Mason PHILADELPHIA (Reuters) - Hillary Clinton makes her case for the White House on Thursday night, armed with a ringing endorsement from President Barack Obama and the crucial backing of the opponent she beat to become the Democratic Party candidate for November's election. Capping a Democratic Party convention that has sought to heal divisions from a protracted primary battle, former Secretary of State Clinton, 68, will accept the nomination to run against Republican Donald Trump. In doing so, she will become the first woman presidential candidate of a major U.S. party.
An independent probe into the IMF's handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund's Independent Evaluation Office said in its report Thursday that in the plunge into the eurozone crisis, the Fund's executive board was poorly informed and exercised too little oversight over decisions which taxed the Fund's resources. The IEO report bluntly criticized the rush by the Fund's management, led former French finance minister Dominique Strauss-Kahn up to May 2011, to join the European Central Bank and European Commission in the crisis bailouts of Greece, Ireland and Portugal.
By Asli Kandemir ISTANBUL (Reuters) - A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors fear, as dismissals and detentions stretch from the judiciary into the private sector and even the central bank. Turkey has suspended, detained or put under investigation more than 60,000 soldiers, judges, teachers, journalists and others suspected of ties to the network of U.S.-based cleric Fethullah Gulen, whom it blames for the July 15-16 coup attempt. What began as a purge in the security services and judiciary has spread to commercial firms and financial institutions.