Condensed from "Opposition Mounts Following Singapore Exchange Big for ASX," copyright Edna Curran and Rachel Pannett of the Wall Street Journal, published in the Cambodia Daily, Oct. 27, 2010. All text below is copyright the Curran and Pannett/the Wall Street Journal.
CANBERRA, Australia – A political backlash in Australia threatens to derail the proposed $8.3 billion takeover of the country's largest stock market operated by Singapore Exchange Ltd.
"I do not wish to live in a country of serfs working for foreign landlords," said independent lawmaker Bob Katter, who plans to present a motion in Parliament to oppose the takeover of the ASX by a foreign investor.
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