Company Results


All ShareCafe Content

ARH Proposed To Spin Off A Separate Listed Entity

Australasian Resources (ARH) said on Wednesday it plans to spin-off its nickel and other assets into a separate listed entity. This follows an earlier announcement that CITIC Pacific Ltd has concluded agreements with privately owned Mineralogy and ARH's major shareholder, Professor Clive Palmer to acquire another iron ore project at Balmoral, in the Pilbara region of Western Australia.

Read More

Retail Sales Confirm Rate Rise

Put the glasses away, interest rates are going up next week after the Reserve Bank board meeting on Tuesday. Another month of strong retail sales shows consumers haven't lost their appetite for spending, despite the rate rise in August and the uncertainty about the credit freeze and more interest rate rises.

Read More

Gold Futures Reach US$800 An Ounce

Gold futures rose above US$800 an ounce today for the first time since 1980, following the US Federal Reserve's decision to lower interest rates by 25 basis points to 4.5% overnight. The interest rate cut came despite reports that the US economy grew at an annual rate of 3.9% in the third quarter. The Fed is clearly targeting the housing market, and more specifically Wall Street's exposure to it.

Read More