Thursday, April 7, 2011
Australia formally rejects ASX, Singapore tie-up
MarketWatch, 7 Apr 2011SYDNEY (MarketWatch) — Australian Treasurer Wayne Swan on Friday formally rejected the proposed tie-up between stock exchange operators ASX Ltd, and Singapore Exchange Ltd., saying that such a deal would harm the country’s financial system.“My decision was based on clear, unambiguous advice from the Foreign Investment Review Board that the takeover would be contrary to