New Zealand Reserve Bank Reports $69 Billion Of Assets In Māori Economy scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
New Zealand Reserve Bank reports $69 billion of assets in Māori economy
A report released by the New Zealand Reserve Bank in January revealed that Māori businesses and non-profit organisations owned almost $NZ69 billion ($US50.2 billion) in assets as of 2018. The report, produced by economic consultancy BERL, said most of the assets of the “Māori economy” were in the private sector.
Reserve Bank Governor Adrian Orr said the report, entitled Te Ōhanga Māori, was written before the COVID-19 pandemic but gave a snapshot of the Māori economy just before the outbreak.
Maori businesswoman Traci Houpapa speaking at the Reserve Bank launch of the report (Screenshot, Youtube)
Australian securities regulator discloses security breach
By
The Australian Securities and Investments Commission (ASIC) has revealed that one of its servers has been accessed by an unknown threat actor following a security breach.
ASIC is an independent Australian government commission tasked with the regulation of insurance, securities, and financial services, as well with consumer protection as Australia s national corporate regulator.
The commission also maintains a searchable database of business information for several types of organizations. The stored data includes both current and historical info including but not limited to addresses and office locations.
A single server affected by the breach
HSBC have upgraded their 2020-2021 exchange rate forecasts sharply over the past month and now predicts further significant US dollar losses over the next year on the back of low yields and a global recovery. The 2022 Euro-to Dollar outlook has been raised to 1.2600 from 1.1500 previously.
Commodity currencies are set to make gains while the Pound Sterling will under-perform due to weak fundamentals with the Pound-to-Euro rate posting losses over the year.
US Dollar depreciation has further to run
HSBC notes that the US dollar weakened more than the bank expected in 2020 and is wary of forecasting a reversal as dollar weakening cycles are usually prolonged.