Critics: blocked SGX tie-up may hurt Australia

AFP
SYDNEY — When Australian Treasurer Wayne Swan declared his decision to reject Singapore's proposed takeover of the local bourse a "no brainer", critics fear he may have scared off future Asian investment.
The Australian Securities Exchange (ASX) and Singapore Exchange (SGX) announced plans in October to merge, hoping to create one of the world's largest financial trading hubs and a rival to Hong Kong.
But the Aus$8.4 billion ($8.8 billion) proposal hit opposition almost immediately, with Canberra lawmakers raising concerns about foreign ownership and Singapore's human rights record. Full story

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Blocked SGX deal to deter ASX suitors - SkyNews.com.au