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...Hertz, which reports earnings on Tuesday, declined to comment....
...The chipmakers are also holding on to their used equipment in China over concerns that they may need them if Washington tightens export controls further, forcing them to use less sophisticated tools....
...Fast forward a few months and Hertz’s EV fleet isn’t going anywhere....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...A set of aggressive Wall Street firms including Apollo Global Management struck a co-operative debt restructuring with Carvana, convinced that the company was turning the corner to a more sustainable trajectory...
...That requires a large customer base, hence Tesla’s transition from high-end, six-figure vehicles to more affordable models and deals with Uber and Hertz....
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...Paramount Global, offloading 30.4mn shares....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...s Skydance, which is backed by private equity investor RedBird Capital, KKR and Tencent, has been in talks with Redstone for several months to acquire a majority stake in National Amusements (NAI), the holding...
...Japanese brokers are focusing on stocks primed to benefit if Donald Trump returns to the White House and the US-China relationship deteriorates even further, as global interest mounts in Japan’s rising equity...
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...But less global focus can mean missing out....
...Fidelity includes Royal London Short Duration Global Index Linked Fund M Inc in its “Select 50” list of recommended investments, saying: “The loans are made over short periods (under five years usually)...
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...SIG’s stakes include holdings in Chinese groups designing semiconductors and making chip design tools, as well as a cyber security start-up....
...While much of the focus is on the dangerous dance between the US and the USSR, the show takes pains to follow the global reach of the cold war and nuclear threat....
...State Street Global Advisors’ SPDR S&P 500 Ucits ETF has attracted €2.7bn in net inflows over the three months since its fee was cut to 0.03 per cent in November last year....
...The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...A global order backlog of almost 15,000 aircraft will take many years to fulfil....
...Stephen Scherr has stepped down as chief executive of car rental chain Hertz....
...The four firms declined to comment ahead of Tuesday’s hearing, although McKinsey confirmed that its global managing partner, Bob Sternfels, would appear. The PIF also declined to comment....
...Sir Leonard Blavatnik’s sports media group DAZN hired former Amazon and Twitch executive Walker Jacobs as global chief revenue officer....
...“It’s certainly a milestone and [the share of ETFs in model portfolios] is only going to be going one way,” said Andrew Guillette, vice-president of global insights at Broadridge....
...Lower liquidity is a factor in the UK market’s broader valuation discount to global markets — a shortfall that is now at its largest since the early 1990s....
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