Bloomberg The debt market is showing concern about Seven & i Holdings Co’s $21 billion deal to buy Marathon Petroleum Corp’s gas-station business, even as equity investors grew more positive on the purchase. The credit rating of the world’s largest convenience store operator was cut by Moody’s Investors Service from A1 to A2, the sixth-highest level, citing “an expected spike …

Bloomberg China’s banks need about $500 billion in fresh liquidity this month to roll over existing debt and buy government bonds, complicating the People’s Bank of China’s efforts to exit crisis measures. Monetary policy makers have been signalling for weeks that abundant funding made available to tide the world’s second-largest economy through the coronavirus slump will soon be reined in, …

Bloomberg It’s early days, but Japan’s biggest banks are broadly on course to meet their modest profit goals this fiscal year after bad-loan costs remained within their expectations in the first quarter. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. all saw quarterly profit decline after increasing provisions for soured debts during Japan’s …