Guinness Peat Group, the investment firm winding itself down, netted A$48.4 million from the exit of two Australian investments this week. The company sold its 47 percent stake in aluminium fabrication group Capral and its 7.7 percent holding in property group AV Jennings in on-market sales, it said. The Capral investment was sold for A$40.4 million at 22 Australian cents …

European Central Bank president Mario Draghi sent equities and the euro lower with comments that he’s concerned about the recent strength of the region’s common currency, signalling a potential rate cut. Draghi made the comments after policy makers of the ECB decided, as was widely expected, to keep the central bank’s benchmark interest rate steady at a record low 0.75 …

The Financial Markets Authority is preparing to file civil actions against the six directors of the failed finance company, Strategic Finance, saying it’s concluded they are “likely to have breached the Securities Act”. The apparent breaches were in a prospectus, advertisement and investment statement issued between March and August 2008. Strategic went into receivership in March 2010 owing approximately 11,000 …