ANKARA, Aug 9 Reuters Turkey39;s net foreign exchange reserves surged nearly 5 billion last week, with total reserves up almost 2 billion, bankers39; calculations showed on Wednesday, resuming an uptrend since it adopted a more orthodox monetary policy following May elections. The rebuilding of the central bank39;s currency buffer is seen as a gauge of […]

TAIPEIBERLIN, Aug 9 Reuters Taiwan said on Wednesday chipmaker TSMC39;s 3.5 billion euro 3.83 billion investment in Germany would drive deeper engagement between the island and Europe, while Berlin said it was a positive sign for bilateral ties. For Taiwan, under increasing pressure from Beijing to accept China39;s sovereignty claims over the island, the investment in […]

LONDON, Aug 9 Reuters The Bank of England will not succeed in returning inflation to its 2 target before 2028 at the earliest, according to forecasts from a leading academic thinktank which warned the British economy was succumbing to stagnation. The National Institute of Economic and Social Research NIESR forecast inflation will fall from 7.9 […]