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Morgan Stanley - 1 Jonathan F - 1 Garner - 1 Tom Stevenson - 1 Morgan - 1 CNBC's Michael Bloom - 1 Penny Chen - 1 VinFast - 1
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U.S - 2 U.S . - 1 Amundi - 1 Fidelity International - 1 CNBC Pro - 1 EV - 1 Thuy - 1 CNBC - 1

Search resuls for: "Penny Chen"


4 mentions found


☆ Morgan Stanley reveals its outlook for Asian stocks, says one major index is set to soar 11% in 2024
  + stars: | 2023-11-14 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Morgan Stanley has revealed a bullish call on Japanese stocks for 2024. China and emerging markets However, Morgan Stanley remains cautious on other Asian markets going into the first half of 2024. The bank's strategists lowered their target for the MSCI Emerging Markets Index to 1,000, implying a modest 4% upside from current levels. They cited slowing global growth, higher interest rates, and currency weakness versus the U.S. dollar as headwinds for emerging markets. Morgan Stanley expects strong nominal GDP growth above 11% annually in 2024 and 2025 thanks to "young demographic and geopolitical alignment," which will drive earnings higher.
Persons: Morgan Stanley, Jonathan F, Garner, Tom Stevenson, Morgan, CNBC's Michael Bloom, Penny Chen Organizations: U.S ., Amundi, Fidelity International, CNBC Pro, U.S Locations: Amundi Japan, Japan, China, India
☆ Vietnam's EV maker VinFast set to break ground on delayed U.S. factory
  + stars: | 2023-07-28 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +3 min
VinFast is set to break ground on its delayed U.S. factory on Friday. Vietnam's VinFast will begin construction on its electric vehicle factory in North Carolina on Friday morning local time, the Vietnamese automaker confirmed with CNBC. VinFast vehicles do not currently qualify because they are not built in the country, but are built in Vietnam. The company is also pricing its VF 9 model at a considerable discount to the comparable Tesla Model X. A Tesla Model X costs about $100,000.
Persons: VinFast, Le, CNBC's, Vietnam's VinFast, — CNBC's Penny Chen Organizations: EV, Thuy, CNBC, U.S, Tesla, headcount, Spade Locations: U.S, North Carolina, Vietnam
☆ Kentucky Derby Live Updates: Scratch of Favorite Forte Shakes Up Already Chaotic Derby
  + stars: | 2023-05-06 | by ( Melissa Hoppert | ) www.nytimes.com   time to read: +3 min
Secretariat, with jockey Ron Turcotte up, passed his rival, Sham, in the homestrech and ran away with the 99th Kentucky Derby in record time on May 5, 1973. Rumors swirled: he was injured, he lost a step during his 3-year-old season, he just wasn’t the superhorse everyone thought he was, his Wood rival Sham would be the true king of 1973. His rival Sham sat near the lead and made his move to catch the leader, Shecky Greene, at the top of the homestretch. Then, and only then, did Turcotte ask his horse for more, and Secretariat, like the finest of racecars, found another gear. Nearly half of the horses in Saturday’s Derby have Secretariat in their bloodlines.
☆ Calls to move away from the U.S. dollar are growing — but the greenback is still king
  + stars: | 2023-04-24 | by ( Penny Chen | ) www.cnbc.com   time to read: +5 min
Kacper Pempel | ReutersCalls to move away from relying on the U.S. dollar for trade are growing. The U.S. dollar accounted for 58.36% of global foreign exchange reserves in the fourth quarter last year, according to data from the IMF's Currency Composition of Foreign Exchange Reserves (COFER). China is one of the most active players in this push given its dominant position in global trade right now, and as the world's second largest economy. The IMF estimates that Asia could contribute more than 70% to global growth this year. In the Middle East, major oil exporter Saudi Arabia has reportedly signaled it's open to trade in other currencies other than the greenback.
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