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Vietnam's stability gets rude $24 bln shock [Reuters]

Apple Inc. (AAPL)  More Company Research Source: Reuters
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
SINGAPORE, April 18 (Reuters Breakingviews) - Companies derisking their supply chains from China have rushed to Vietnam, but their new stomping ground may not offer much more in the way of stability. The Southeast Asian country's central bank has provided an “unprecedented” $24 billion of “special loans” to Saigon Joint Stock Commercial Bank between October 2022 and the start of this month, Reuters reported on Wednesday, citing documents and a source. At around 5.6% of GDP, that's not far off the outlay major governments on average spent rescuing lenders during the global financial crisis. The fallout from the latest lifeline will ripple through boardrooms around the world. Authorities appear to have struggled to stem a run on SCB despite taking it under its supervision 18 months ago. Often such direct intervention is enough to restore confidence in emerging and frontier markets. Not here in one of the world's fastest-growing economies, whose government has set a 6%-6.5% growth tar [Read more]
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Stockreport

Vietnam's stability gets rude $24 bln shock [Reuters]

Apple Inc.  (AAPL) 
More Company Research Source: Reuters
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
SINGAPORE, April 18 (Reuters Breakingviews) - Companies derisking their supply chains from China have rushed to Vietnam, but their new stomping ground may not offer much more in the way of stability. The Southeast Asian country's central bank has provided an “unprecedented” $24 billion of “special loans” to Saigon Joint Stock Commercial Bank between October 2022 and the start of this month, Reuters reported on Wednesday, citing documents and a source. At around 5.6% of GDP, that's not far off the outlay major governments on average spent rescuing lenders during the global financial crisis. The fallout from the latest lifeline will ripple through boardrooms around the world. Authorities appear to have struggled to stem a run on SCB despite taking it under its supervision 18 months ago. Often such direct intervention is enough to restore confidence in emerging and frontier markets. Not here in one of the world's fastest-growing economies, whose government has set a 6%-6.5% growth tar [Read more]
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EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS