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MONEY MAGAZINE
New home loan trapForty may be the new 30 but when it comes to getting a home loan, lenders will look at you as if you're 65.

Columnists

Advisers in the firing line
Living in Australia is changing forever with the use of technology and online
Investors punish Amazon againAmazon shares tumbled 8.3 per cent on Friday to close the week at $287.06, having slid some 28 per cent from highs earlier this year. $4.65bn Q3 loss for Mexican oil firmMexican oil company Pemex has announced a third-quarter loss of more than $US4.3 billion ($A4.65 billion).
Space age home needs new ownerIt sits on a secluded block between the Great Barrier Reef and the Wet Tropics world heritage area. But it could also look right at home on the set of a sci-fi film.

Latest ATM news

CBA releases $2.2m in travel card cash
The growing travel card market is an alternative to paying high ATM and transaction fees overseas.
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Has Apple just announced the death of cash?
When you think about the convenience of just waving your phone near a NFC reader to pay for goods, paying with cash - which you had to withdraw from a bank, ATM or EFTPOS machine in the first place - and then receive any change, is already beginning to seem archaic and cumbersome.
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FN Arena Broker Call Headlines - 30 Jun 2014
BA-Merrill Lynch rates as Buy (1) - Kenmare has rejected ka's scrip offer which the broker notes equated to GBP16.80 at the time.
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3 rock-solid stocks ready to buy: Westpac Banking Corp, Santos Limited and Macquarie Group Ltd
Westpac Banking Corp (ASX: WBC) has had a good start to 2014 but has come off recent all-time highs, possibly due to nervous investors heading into budget talks. Westpac's 2014/15 yield will be around 5.6% and it is continuing to grow its mortgage book, while successfully cutting fixed business costs such as property and ATM leases.
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Singapore to regulate Bitcoin exchanges
Singapore, a regional financial hub, will be one of the first countries to regulate virtual-currency exchanges and ATM operators, according to the central bank.
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Probe finds Mizuho lax
The panel's report said top management neglected to ensure compliance with laws against dealings with organised crime after it discovered the loans in early 2011. Soon after, Mizuho's management became preoccupied with ATM malfunctions triggered by an influx of donations for victims of the 2011 tsunami disaster.
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Bankers welcome government probe
Rather than focusing on the smaller issues like foreign ATM fees, many in the industry are calling for a review into the larger issues faced by some of our biggest institutions. However Australian Bankers Association CEO Steven Munchenberg said although it should focus on topics such as infrastructure and funding of the economy (something National Australia Bank’s (ASX: NAB) CEO Cameron Clyne recently said was important for the country’s future), “I’m sure everything from foreign ATM fees through to whether there’s enough branches in rural Australia will get raised.”
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Best of the Fool: Top 3 articles of the day (06 September, 2013)
Companies mentioned: Freedom Foods (ASX: FNP), A2 Corp (NZE: ATM), S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO), Goodman Fielder (ASX: GFF), Patties Foods (ASX: PFL)
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Freedom Foods posts 92% profit rise
During the financial year, Freedom sold down its holding in New Zealand-based A2 Corp (NZE: ATM), the company behind the A2 Milk brand, and realised a pre-tax profit on sale of $11.8 million in the process. Freedom still retains an 18% holding in A2 that is currently worth around $70 million.
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Low income earners hit by bank fees
The website also includes a list of accounts that come with access to a debit card at no extra cost and free and unlimited transactions, no matter whether they are conducted by ATM, branch, phone, internet or mobile.
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+ MORE ARTICLES
Personal Finance: tips for trading shares
Sharemarket basics: A Numbers GameLooking for shares to back? You'll need all the help you can get. Investing in shares can be something of a numbers game, especially when the financial press is peppered with mention of ratios such as "dividend yield" and "earnings per share". Sharemarket basics: How to Sell SharesWhen you didn't buy your shares in the first place, it's difficult to know where to start when you want to offload them. Allison Tait finds out how best to sell, sell, sell! Learners guide: Investing OverseasInvestors looking to diversify their portfolio could explore the option of investing overseas - after all, the Australian sharemarket represents only a small percentage of the world's markets.


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