Comm Bank joins interest rate drop

Comm Bank joins interest rate drop

THE nation’s largest lender the Commonwealth Bank has today announced it is dropping interest rates for owner occupiers but hitting interest-only customers. The last of the big four to make an announcement this month, CBA will drop its owner occupier principal and interest rates by just three basis points to 5.22 per cent. This is the smallest drop to this type of loan among big four banks. media_cameraHome loan customers continue to be hit by changing variable rate deals.This will save a customer with a $350,000 mortgage about $78 a…

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Food giants resist calls to eliminate cartoon characters from junk-food packaging

Food giants resist calls to eliminate cartoon characters from junk-food packaging

Cartoon characters on food packaging such as Kellogg’s Tony the Tiger and Toucan Sam are fuelling Australia’s childhood obesity crisis and should be restricted, public health experts say. Researchers at the Obesity Policy Coalition surveyed 186 packaged foods with cartoon characters designed to lure children, and found 52 per cent were classified as unhealthy, based on Food Standards’ Nutrient Profiling Scoring Criterion. Play VideoDon’t Play Does meditation ‘work’? Play VideoDon’t Play Previous slideNext slide 4 ways to make food taste better without … 4 ways to make food taste better…

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Channel Ten may yet be saved from receivership

Channel Ten may yet be saved from receivership

Posted June 26, 2017 22:01:59 The administrator of the Ten Network has declared he expects the ailing television station to be saved. Key points: Creditors met to discuss options for restructure, voted for committee including Lachlan Murdoch, WIN TV’s Bruce Gordon and James Packer Administrator Mark Korda says cash-flow is positive and ratings are good, so network should be able to stay afloat Changes to media laws would mean Mr Murdoch and Mr Green could buy the station Ten was put into administration earlier this month after key shareholders, Lachlan…

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Forget the house, it’s about the shares

Forget the house, it’s about the shares

YOUNG Australian investors are ignoring the methods and assets used by their parents for decades, and are instead focusing on new technologies to build their wealth. Stockbrokers and traditional portfolios of banks and other blue-chip Aussie companies are being replaced by online investment platforms and buying into overseas giants such as Apple, Google and Amazon. Peter Chapman, 32, is among this new breed, and has invested in Facebook, Shopify and Snapchat through website Stake.com.au. RELATED: New investors should avoid these traps “My overall strategy for investing in each is to…

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Network Ten: Regulator should investigate Murdoch and Gordon's behaviour, experts say

Network Ten: Regulator should investigate Murdoch and Gordon's behaviour, experts say

The watchdog should examine whether Lachlan Murdoch and Bruce Gordon exerted control over Network Ten in breach of current laws, according to experts in media regulation. Both men own shares in Network Ten and were guarantors of a $200 million loan from the Commonwealth Bank. They recently told the Ten’s board they would not guarantee the next loan of $250 million, which led the board to hand over control to administrators Korda Mentha. The biggest shareholder of Ten Network is Bruce Gordon. Photo: Sylvia Liber“The decision follows correspondence received from Illyria…

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