Australian Treasurer Wayne Swan signals he will reject the Singapore Stock Exchange's (SPXCF.PK)...

|About: Singapore Exchange Ltd. (SPXCF)|By:, SA News Editor

Australian Treasurer Wayne Swan signals he will reject the Singapore Stock Exchange's (SPXCF.PK) $8.3B bid to take over the Australian Exchange (ASXFF.PK), calling the merger "contrary to the national interest." ASX shares -3.3% in Sydney.