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 …

New Zealand’s unemployment rate fell from a 13-year high in the last three months of 2012 as people stopped looking for work and the participation rate shrank to its lowest level in almost nine years. The unemployment rate fell 0.4 of a percentage point to 6.9 percent in the December quarter, as the number of people leaving the workforce fell …