<p><a href="http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/afp/20110408/wl_asia_afp/australiasingaporemarketstakeover"><img src="http://d.yimg.com/a/p/afp/20110408/capt.photo_1302241474073-1-0.jpg?x=130&amp;y=91&amp;q=85&amp;sig=sHIbH32Jt4.tlUd98z5g2A--" height="91" width="130" alt="Canberra blocks Australia-Singapore bourse merger   (AFP)" style="float: left; border: 0px;" />
</a>AFP - Australian Treasurer Wayne Swan officially rejected a proposed merger of the Australian and Singapore stock exchanges Friday, branding it a takeover by the city-state that offered no benefits.</p><br style="clear: both;" />