Asx Offers $2.3bn In A Bid To Shore Up Futures

THE wave of global financial market consolidation has hit Australia. The Australian Stock Exchange Ltd has offered $2.3 billion to buy the Sydney Futures Exchange in a deal it argues is "in the national interest", with the combined $5 billion business having a better chance of a seat at the table should regional rationalisation pick up.

Asx Bids $2.3b For Sfe - And Gets A Yes

THE wave of global financial market consolidation has hit Australia.

On A Clear Day

WHEN the air is very clear, like yesterday, Sydney is plausibly the Emerald City. Look west, and the parks and backyards merge into a darkening green that undulates towards the sharp blue silhouette of the mountains. The problem is that green cities are not green. They are more the brown and grey of bricks and concrete. Being green, in an environmental sense, is not about more trees in the suburbs, but fewer suburbs. It is about consolidation; better use of the urban infrastructure you have, ...