Today's Business Headlines

China Inc launches $1.2 billion bid for Brockman, FerrAus
Hong Kong conglomerate Wah Nam International has launched an audacious two-pronged $1.2 billion takeover for Pilbara juniors Brockman Resources and FerrAus in order to become on of Australia's biggest iron ore producers. The West


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Talking about foreign takeovers. If it so advantages for our financial world to be connected to the Singapore Stock Exchange, whilst Australia likes to become Asia's financial 'hub', the ASX should make a reverse bit for the Singapore Exchange. At least that way WE do get to extend the business to OUR advantage. MORE employment in OUR country! I agree with J.Simpson,above, that it is time Australians wake up to the fact that the way things are going, Australia is going to be owned entirely by foreigners. It seems the federal governments past and present are not concerned about that.

Let's get some anti foreign takeover press going or at least present some statistics and economic reasons why Chinese and other overseas companies should be allowed to buy the mine rather than the product.

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