Dollar rate hits K1,700

The dollar rate has been strong against Myanmar Kyat since the military coup reaching over K1,700 per dollar on August 11. This is the second time that the dollar rate against Myanmar Kyat reached over K1,700 within six months after the coup compared to K1,355 per dollar before the...
WASHINGTON, June 5 (Xinhua) -- The Group of Seven (G7) industrialized nations have agreed to support new rules that will achieve a global minimum tax rate of at least 15 percent, U.S. Treasury Secretary Janet Yellen said Saturday. Calling it a "significant, unprecedented" commitment, Yellen said in a statement that...
The World Bank Group and the IMF call on countries anticipating excess vaccine supplies in the coming months to release their surplus doses and options "as soon as possible," in a transparent manner, to developing countries "with adequate distribution plans in place," they said. WASHINGTON, June 3 (Xinhua) -- The...
Myanmar National Airlines will start flying special flights to Singapore every Thursday starting from December 10. The airline said that it will not sell the ticket for the flights through its authorized agents. Instead, it will sell the tickets online to the earliest passengers. The passengers, who want to fly to...
By Brenna Hughes Neghaiwi and Simon Jessop ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks' cash splurge. Before the COVID-19 pandemic,...
LONDON, June 18 (Reuters) - Britain has so far approved the spending of 3.5 billion pounds ($4.38 billion) to keep its railways running during the coronavirus pandemic, the government said on Thursday. Under emergency measures brought in on March 23 for six months, the government has been providing financial support...
By Victoria Klesty and Anna Ringstrom OSLO/STOCKHOLM (Reuters) - Norwegian Air and SAS are adding more flights to their schedules from July onwards as demand begins to recover following the COVID-19 pandemic, the two Nordic carriers said on Tuesday. SAS will use 40 of its aircraft in July, up from 30...
By Marc Jones LONDON (Reuters) - The global stock's rally got back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping to end a bumpy few days for financial markets. A near 5% jump by Japan's Nikkei had given Asia its best day...
LONDON (Reuters) - Giving low doses of the generic steroid drug dexamethasone to patients admitted to hospital with COVID-19 reduced death rates by around a third among those with the most severe cases of infection, trial data showed on Tuesday. The results, described as a "major breakthrough" by scientists leading...
Francesco Guarascio BRUSSELS (Reuters) - The market for COVID-19 antibody tests is red-hot. It has ballooned in a matter of months as hundreds of products flood the world for people who want to find out whether they’ve already had the virus. The problem is, some of them don’t work properly. As a...