National interest focus of ASX deal: Swan

Sat, October 30, (aap.com.au) - Treasurer Wayne Swan says he'll decide on the proposed Singapore takeover of the ASX based on the long-term national interest, amid claims xenophobia has crept into the debate.
The Singapore Exchange has launched an $8.4 billion bid to buy the Australian Securities Exchange, creating the world's fifth largest stock exchange.
Qantas chairman Leigh Clifford told the company's annual general meeting on Friday in Adelaide that a measured response was needed.
"I think the important thing when we look at it is that we take a longer-term perspective," Mr Clifford said.
"I think a bit of xenophobia's creeping into the debate, unfortunately." The takeover deal could be blocked in parliament, after the Greens and three crossbench MPs voiced their opposition.
Asked if he agreed with Mr Clifford's comments that xenophobia was creeping into the debate, Mr Swan said he was focused on what was best for Australia's economic future.
"I believe that we must take decisions when it comes to issues like that takeover in our national (interest)," he told reporters in Townsville on Saturday.
"We have set out a clear process that must be observed.
"I administer that process and the only consideration I take into account are the long-term national economic interests of this country."