Anyone remember the lame excuse offered by the ASX for pushing a takeover by the Singapore stock exchange last year, effectively that "everyone else was doing it"? Turns out the excuse, like the takeover, didn't have much going for it.
Overnight the drums have been beating louder that the Financial Times was correct in reporting that European competition officials want to block the merger of NYSE Euronext and Deutsche Borse, which would have created the world's biggest exchange company. Full story
