Singapore merger good for Aus­tralia

The Pak Banker - - International3 -

SYD­NEY: Aus­tralia's stock ex­change chief lauded a pro­posed multi-bil­lion-dol­lar merger with Singapore's bourse, say­ing the nation was "in­debted" to Asia and should seek greater re­gional in­te­gra­tion. Robert El­stone, chief ex­ec­u­tive of the Aus­tralian Se­cu­ri­ties Ex­change (ASX), said on Satur­day the 8.3-bil­lion-US-dol­lar merger was a "nat­u­ral com­pet­i­tive and reg­u­la­tory evo­lu­tion of Aus­tralia's cap­i­tal mar­kets" as power shifted to Asia. -Afp

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