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Tuesday, March 22, 2011

SGX-ASX deal likely to face Australia parliamentary inquiry

Reuters, 22 Mar 2011(Reuters) - Australia's parliament is likely to hold an inquiry into the Singapore Exchange's $7.5 billion bid for the Australian Stock Exchange , which could further delay any conclusion of the deal until July.Key opposition lawmaker Barnaby Joyce told the upper house Senate on Tuesday that the opposition would support a Senate inquiry if the deal was approved by the Foreign