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May, 31, 2016

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Business > Company Focus
The U.S. stock market regulator has opened an investigation into the accounting practices of Chinese online giant Alibaba, a company document showed.
 
Monsanto: $62 bn Bayer bid too low, but open to talks
US agribusiness giant Monsanto Co. rejected Tuesday the $62 billion takeover bid by Germany's Bayer AG as too low, but said it was willing to entertain further talks on a merger.
 
Facebook has been forced to backtrack after it banned an Australian ad featuring a bikini-clad plus-sized model promoting positive body image, initially saying the photo's depiction was "undesirable."
 
Investors of ExxonMobil and Chevron vote at annual shareholder meetings Wednesday on whether the two oil giants should do more to address climate change following a historic global climate agreement.
 
Streaming leader Spotify said Monday that its losses deepened last year even as the company topped US$2 bil. in revenue amid the global boom in online music.
 
A Chinese fund has bought a controlling 65 percent stake in leading international media rights company MP & Silva, according to a statement Tuesday, as Chinese investors snag another overseas sporting target.
 
Toyota Motor Corp. is recalling nearly 1.6 million vehicles in the U.S. to replace potentially faulty front passenger air bag inflators made by Takata Corp. of Japan.
 
French police have raided Google's Paris offices as part of an investigation into "aggravated tax fraud" and money laundering, authorities said Tuesday. The raid is the latest regulatory headache for the American search engine-and-email company, which like other Silicon Valley firms faces increasing questions about its complex tax arrangements.
 
Banking on technology
Personnel at Bank SinoPac (永豐銀行) promote new financial technology services in Taipei, Tuesday, May 24. The bank has developed a smartphone app that allows customers to book appointments and to fill out forms in advance: It's expected to save the average customer more than 30 minutes at the bank. Bank SinoPac is a retail and corporate bank with over three million customers in Taiwan.
 
German chemicals giant Bayer said Monday it had offered US$62 billion for U.S. agriculture group Monsanto as it seeks to create the world's biggest supplier of seeds, pesticides and genetically modified crops.
 
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