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.
Healthy competition or a race to the bottom? The ASX (ASXFF.PK), worried about losing business to Hong Kong (HKXCY.PK) and Singapore (SPXCF.PK), mulls making it easier for mining companies to list on the exchange. One way: allowing listings for businesses that have little more than potential exploration sites.