Bloomberg Mizuho Financial Group Inc will book a 32.9 billion yen ($306 million) charge on its securities holdings in the just-completed quarter due to the coronavirus-fueled stock market rout. The writedown stems from a “significant decline” in the fair value of some securities held by the group’s lending, trust banking and securities units, Tokyo-based Mizuho said in a statement. It ...

Bloomberg The economic fallout from the coronavirus epidemic will prevent almost 24 million people from escaping poverty in East Asia and the Pacific (EAP) this year, according to the World Bank. In a report, the Washington-based lender also warned of “substantially higher risk” among households that depend on industries particularly vulnerable to the impact of Covid-19. These include tourism in ...

Bloomberg Singapore health authorities said an elderly man with no recent travel history to affected countries died on Saturday, marking the sixth fatality for the city-state, according to an emailed statement. The nation’s Ministry of Health said the 88-year-old male permanent resident, who was admitted to intensive care on March 30, passed away after developing serious complications. The man had ...