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 humble six times earnings at which the automaker trades implies a 40 pct fall in the bottom line. GM and Fiat Chrysler look worse. China’s wobbles, a peaking U.S. market and autonomous cars warrant caution. At least Ford is better prepared for a downturn than a decade ago.
Delayed deals have sent the bank’s stock into a deeper dip of late than rivals’ shares. Positive signs in last quarter’s results may reverse the drop. If shareholders can’t grasp the boutique’s quirky business, though, they’ll keep ending up with their stomachs in their mouths.
Morgan Stanley’s ex-commodities boss is acquiring assets of the oil-trading shop that once bought Salomon Bros. Breathing life into this old brand is misplaced sentimentality. Phibro’s history is stuffed with coups, excess pay, trading hubris and the buy-high, sell-low mentality.
- AIG makes late push toward mediocrity
- Motown recovery proceeds in the slow lane
- Goldman and rivals' pay cut may have bright side
- BTG Pactual breathing sigh of relief too early
- U.S. bank laggards prove cuts alone don't cut it
- Too-big-to-fail cabal nursing $130 bln in damages
- JPMorgan results offer compelling case for fintech