Bloomberg H/2 Capital Partners scrapped an auction for J.C. Penney Inc.’s term loan held by the hedge fund after a weak reception from potential buyers, according to people with knowledge of the situation. Bids for H/2’s sale of about half J.C. Penney’s $1.7 billion term loan didn’t meet the seller’s minimum price. The hedge fund will continue to own its …

Bloomberg Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman. Shares ended 2.8% lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion. The stock was included …

Bloomberg China’s government-bond investors will soon be looking for reassurance from the central bank that there’s plenty of cash in the financial system. The country will see a “liquidity hole” of 2.8 trillion yuan ($400 billion) in January, in large part because people across the nation will withdraw cash for the Lunar New Year holiday, according to Guotai Junan Securities …