Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a US editor. He has worked on assignments in the major financial centres of Europe and the US and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol. Follow Antony on Twitter @AntonyMCurrie
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The land Down Under has its problems, not least a China-driven commodities downturn and a rising budget deficit. Fears of a housing bubble persist, too. But with unemployment low and the currency falling, Australia has the economic stability other countries dream of.
The award-winning $10 bln electric carmaker is trading at a multiple implying fast growth, high margins and mass-market success. The first is doable, the second harder, and the third a long way off. CEO Elon Musk is doing a fine job. But investors seem to assume he’s infallible.
The Goldman Sachs of Brazil missed Q1 estimates, posting its lowest returns in a while. The culprit: a slump in revenue from investing its own and other people’s money. Pactual’s still a better performer than U.S. rivals. But trimming its valuation to twice book looks reasonable.
- Return to glory days may elude Japan's automakers
- Morgan Stanley playing well to CEO's strengths
- Goldman gets a bit more generous with investors
- Citi's discount to Bank of America looks unfair
- Jamie Dimon losing out to JPMorgan analyst
- Goldman pulls corporate governance fast one, again
- Merging NY banks offer rate-risk lesson for rivals