Singapore Exchange chief Magnus Böcker has rejected the suggestion a tie-up with the Australian Securities Exchange (ASX) is a "merger of losers", describing his $8.4 billion takeover offer as a "revenue play" and promising that computers will stay in Sydney should it succeed.Questioned on the failure of Australia and Singapore to become regional financial centres, Mr Böcker said his exchange was a "reasonably international" exchange, serving as a proxy for India and "Asia-lite". Full story
