Australian Financial Services Minister Bill Shorten said rules on foreign ownership in ASX Ltd ., the country’s main exchange operator, didn’t sink Singapore Exchange Ltd. ’s bid and they don’t need revision.
Bill Shorten, who played a key role in the demise of former prime ministers Kevin Rudd and Julia Gillard, said he’ll stand for the Labor leadership as the party seeks to rebuild following its loss in Australia’s election.
The Australian opposition may support Prime Minister Tony Abbott’s bid to repeal the nation’s carbon tax if the government agrees to retain an emissions-trading program, Labor leader Bill Shorten said.
Australian Financial Services Minister Bill Shorten said he understands the issues that impact ASX Ltd. trading yesterday were with the authentication process and connectivity. He made the comments on ABC radio.
Australian Assistant Treasurer Bill Shorten urged companies to donate to flood-devastated Queensland state as Australia & New Zealand Banking Group Ltd. estimated rebuilding may cost as much as $A20 billion ($19.8 billion).