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Finance & Markets

Yen Gains After BOJ Hawk Leaves Door Open for Outsized Hike

The yen strengthened against the dollar after Bank of Japan Board Member Hajime Takata, one of the bank’s most hawkish members, left the door open for an outsized interest-rate increase as well as back-to-back hikes.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Floating rates rise after official cash rate increase

Westpac says it is increasing variable interest rates for borrowers and some savers.

  • Reserve Bank of New Zealand raises official cash rate by 25 basis points
  • Westpac increases variable rates by 0.25% for new and existing customers
  • Home loan customers' rates remain unchanged

The Djibouti advantage: How CAC International Bank, the largest bank in Djibouti, is powering the Horn's economic engine

At the gateway to the Red Sea, Djibouti is emerging as a vital engine of trade for the Horn of Africa. At the heart of that transformation, CAC International Bank is financing the flows of goods and…

  • CAC International Bank is Djibouti's largest and leading financial institution.
  • Bank focuses on providing liquidity and trade finance for regional businesses.
  • Initiatives like Trade Finance and Commodity Financing boost trade between Djibouti and Ethiopia.

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