06 Apr '11, 4pm

Aussies have more to lose from failed SGX-ASX deal: analysts

SINGAPORE : The likely failure of the proposed takeover of the Australian Securities Exchange (ASX) by the Singapore Exchange (SGX) may have an impact on Australia's ambition to garner more foreign investments. This is according to analysts who believe that the Aussies have more to lose from the failed SGX bid. Analysts also cautioned that the rejection of the deal may also send a wrong signal to other international investors - that Australia may not have an open door policy when it comes to cross border mergers. The Australian government has repeatedly cited that the A$8.4 billion merger is against the national interest of Australia. Concerns over foreign ownership and Singapore's democracy as well as human rights record have been scrutinised as well. But analysts believe that the decision by Australian Treasurer Wayne Swan to reject SGX's proposed takeover of ASX would b...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

Tweets

Australia officially kills SGX bid for ASX

todayonline.com 08 Apr '11, 1am

SYDNEY - Australia's Treasurer and acting Prime Minister Wayne Swan this morning officially announced that the government ...

Australia defends decision to reject SGX deal, says all foreign investment proposals had to be in 'national interest'

Australia defends decision to reject SGX deal, ...

straitstimes.com 06 Apr '11, 1am

Australian Finance Minister Wayne Swan (above) defended his preliminary decision to block the Singapore Exchange's bid for...

SGX says they will seek other forms of cooperat...

straitstimes.com 05 Apr '11, 6am

Singapore Exchange said it would consider other forms of cooperation with the Australian Exchange after Australian Treasur...

Australia's ASX says Treasurer to reject SGX merger

Australia's ASX says Treasurer to reject SGX me...

channelnewsasia.com 05 Apr '11, 6am

SINGAPORE: The Australian government said it is inclined to reject the Singapore Exchange's (SGX) proposed A$8.4 billion A...

SGX disappointed over failed ASX takeover; focu...

channelnewsasia.com 11 Apr '11, 1pm

SINGAPORE: Singapore Exchange CEO Magnus Bocker has expressed his disappointment with his failed takeover bid for the Aust...

Government bonds lose appeal as inflation rises

todayonline.com 10 Apr '11, 9pm

SINGAPORE - Government bonds will lose their safe-haven appeal amid beliefs that the monetary authorities will tighten pol...

Google's online travel deal cleared

channelnewsasia.com 09 Apr '11, 2am

WASHINGTON: Google's entry into the online travel sector was cleared for takeoff Friday as the US Justice Department gave ...

Singapore $8.4b bid for ASX set to fail at thre...

temasekreview.com 03 Apr '11, 12am

THE bid by the Singapore stock exchange to take over the Australian Securities Exchange is set to fail, with the Federal g...