Bloomberg India billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. has gathered a consortium of Asian, US and European banks to fund its takeover of aluminum producer Aleris Corp. Novelis Inc., the US unit of Hindalco, has mandated a 20-strong bank group to arrange a $2.28 billion dual-tranche loan that will finance the purchase of US-based Aleris, according to people familiar ...

Bloomberg Reddit Inc. said that it raised $300 million from investors. It was one backer, in particular, that drew condemnation from members of Reddit’s online community. Chinese internet giant Tencent Holdings Ltd. was among the investors in the round, which values the link-sharing website at $3 billion. In the following days, users posted links to Reddit depicting imagery banned by ...

Bloomberg The yuan is entering a critical period after posting its second-best monthly advance ever, with analysts sounding caution as a new round of China-US trade talks gets underway. The Chinese currency could head to 7 per dollar if there’s a breakdown in the negotiations, while an agreement on no additional tariffs will send it on a sustained rally, Citigroup ...