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Renew Economy
Thursday, December 11, 2025 - 00:15
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The post Energy market rule maker wants to kill “loyalty tax” on consumers – and to hike fixed network charges appeared first on Renew Economy. |
MacroBusiness
Thursday, December 11, 2025 - 00:05
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Tuesday’s interest rate decision saw the RBA leave the official cash rate on hold at 3.60%. In its media statement accompanying the decision, the RBA noted that the recent rise in CPI inflation had been partly driven by temporary factors, though the extent was uncertain. The RBA also noted that Australia’s labour market remains “a The post Aussie interest rate bulls run wild appeared first on MacroBusiness. |
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Your Democracy
Wednesday, December 10, 2025 - 21:02
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Last week the Pentagon, under “War Secretary” Pete Hegseth, carried out yet another military attack on a boat in the high seas that the Administration claims is smuggling drugs. That makes 23 boats blown up by the US military in the waters off Latin America – most near Venezuela – and nearly 100 persons killed.
The Hegseth Killings Must Stop |
Your Democracy
Wednesday, December 10, 2025 - 20:48
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There is an EU document in which it is stated there “is a problem with the financing of Ukraine”. No shit. The real problem actually comes with a new lack of confidence from EU member states in this “financing” following recent unconfirmed reports that Donald Trump has told the EU in blunt terms that they can’t dip into the supposed 300 bn USD in Russian “frozen” assets held by the West.
EU summit to decide Zelensky’s fate |
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Your Democracy
Wednesday, December 10, 2025 - 20:39
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US negotiators have given Ukrainian leader Vladimir Zelensky days to respond to a peace proposal requiring Kiev to accept territorial losses to Russia in exchange for unspecified security guarantees, the Financial Times reported on Tuesday, citing officials familiar with the matter. |
Cheeseburger Gothic
Wednesday, December 10, 2025 - 18:18
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So, the endless summer of disruption continues. I’ve written precisely nothing this week. Today I decided fuck it, I’m going to achieve something. So I bought two flat chickens. And now I’m going to barbecue them. If this comes off it will be the most significant thing I have achieved in about 6 weeks. |
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MacroBusiness
Wednesday, December 10, 2025 - 16:00
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The latest Chinese inflation numbers were slightly higher than expected which has seen the potential for a BOC RRR cut next year move lower, also pushing mainland shares down as well. All other Asian markets are in the red as well with the risk complex awaiting tonight’s FOMC meeting to see what is in store The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Wednesday, December 10, 2025 - 14:49
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The post Gas shutdown in regional towns pushes households toward LPG, not electrification appeared first on Renew Economy. |
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MacroBusiness
Wednesday, December 10, 2025 - 14:00
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The Reserve Bank of New Zealand has delivered 3.25% of interest rate cuts since July 2024. This reduction in the OCR has delivered a corresponding decline in new mortgage rates to pre-pandemic norms: Normally, such a sharp reduction in mortgage rates would result in a lift in homebuyer demand and prices. However, as illustrated below The post Reserve Bank can’t stimulate housing market appeared first on MacroBusiness. |
Renew Economy
Wednesday, December 10, 2025 - 13:18
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The post EU locks in “strong but realistic” emissions reduction target of 90 pct by 2040 appeared first on Renew Economy. |
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MacroBusiness
Wednesday, December 10, 2025 - 13:00
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From the Market Ear: Stuck SPX remains stuck inside the range that has been in place since September. Bull flag and a break out, or a double top? We aren’t getting excited until we break out of the range. Until then, treat this as a mean-reverting market. Stability… …at these levels, but dealers turn short The post Upside panic hits silver market appeared first on MacroBusiness. |
Renew Economy
Wednesday, December 10, 2025 - 12:42
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The post One of Australia’s biggest solar farms, in heart of Queensland coal country, reaches full commercial operations appeared first on Renew Economy. |
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Renew Economy
Wednesday, December 10, 2025 - 12:24
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The post Financial close reached for four-hour big battery to be built next to Australia’s biggest wind farm appeared first on Renew Economy. |
Renew Economy
Wednesday, December 10, 2025 - 12:08
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The post BHP sells stake in critical Pilbara power network in deal with global fund giant appeared first on Renew Economy. |
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MacroBusiness
Wednesday, December 10, 2025 - 12:00
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When Australia closed the book on the 20th century, the median home at a national level could be purchased by a household with a median household income. The typical mortgage consumed 25% of gross income, assuming they had the cash for a 20% deposit, stamp duty, and other transaction costs. This marked the last ‘hurrah’ The post Australia needs 1.9m new homes ASAP appeared first on MacroBusiness. |
Renew Economy
Wednesday, December 10, 2025 - 11:43
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The post Neoen to double size of Queensland battery to 2,300 MWh, its biggest in Australia appeared first on Renew Economy. |
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MacroBusiness
Wednesday, December 10, 2025 - 11:30
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The ABC’s Ian Verrender neatly summarised the forms of East Coast gas reservation being considered by the Albanese government as it attempts to overcome a pending supply shortfall: Those in the know say the federal government is considering two options. The first option is that each of the exporters must supply a certain quantity of The post Albo readies useless gas reservation policy appeared first on MacroBusiness. |
MacroBusiness
Wednesday, December 10, 2025 - 11:00
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The latest Statement of Monetary Policy from the Reserve Bank of Australia (RBA) forecast that the official unemployment rate would remain around its current level until the end of 2027: With “full employment” being one of the RBA’s mandates (the other being “price stability”), an increase in unemployment significantly above the forecast implies an increased The post Unemployment jumps amid “labour market stagnation” appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, December 10, 2025 - 10:30
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When China first began its meteoric rise to unparalleled industrial superpower, there were nations around the world who saw the Middle Kingdom’s rise as an opportunity, a new market in which to sell their goods. And for a while, the relationship between China and, in particular, Europe was heavily defined by the rise of the The post Trade war goes global appeared first on MacroBusiness. |
MacroBusiness
Wednesday, December 10, 2025 - 10:00
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Before Tuesday’s interest rate decision, financial markets anticipated that the Reserve Bank of Australia (RBA) would deliver one more 25-bp rate hike in 2026 amid rising inflation concerns. Tuesday’s NAB Business Survey for November suggested that Australia’s inflation is not as broad-based as thought and also pointed to a further softening of the labour market—both The post Beware the inflation head fake appeared first on MacroBusiness. |
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Renew Economy
Wednesday, December 10, 2025 - 09:55
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The post Lithium-ion battery pack prices for the grid plunge by 45 per cent in past year appeared first on Renew Economy. |
The Tally Room
Wednesday, December 10, 2025 - 09:30
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Recent reporting, and my own experience, indicates that the federal Labor government is seriously considering an expansion in the size of the Australian federal parliament, echoing the previous expansions in 1948-49 and 1983-84. But they are yet to commit to the issue. Conversations with figures in the Labor government suggest that they are hoping to gain bipartisan support for the change, but recent rhetoric from opposition figures suggest that is unlikely to happen, regardless of the merits. |
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MacroBusiness
Wednesday, December 10, 2025 - 09:30
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The Pacific Peso is on fire even before the RBA’s “hawkish hold” at yesterday’s meeting, keeping in on its short term trend that has seen it breach and hold the 66 cent level against USD. However its performing much better against the Asian countries, making a new yearly high against Yen: In fact it maybe The post Australian dollar hits yearly high against Yen appeared first on MacroBusiness. |
MacroBusiness
Wednesday, December 10, 2025 - 09:00
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Wall Street remained in a hold pattern overnight as everyone awaits the FOMC meeting with a selloff in Treasuries keeping USD somewhat supported, particularly against Yen while European shares also went nowhere. Yesterday’s RBA meeting where a hold was handed down amid hawkish commentary saw a selloff in local stocks and bonds as well with The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Wednesday, December 10, 2025 - 08:58
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MacroBusiness
Wednesday, December 10, 2025 - 08:00
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I reported on Tuesday on how the Albanese government will end its energy bill subsidies at the end of the year. The bill subsidies have cost taxpayers almost $7 billion since their introduction following the start of the war in Ukraine. With the energy bill subsidies removed, Australian voters will bear the true cost of The post Australia can’t subsidise its way out of energy Armageddon appeared first on MacroBusiness. |
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Renew Economy
Wednesday, December 10, 2025 - 07:53
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The post French oil giant emerges as rival to SunCable with plans for massive solar and battery facility near Darwin appeared first on Renew Economy. |
John Quiggin
Wednesday, December 10, 2025 - 07:34
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How my AI report on housework started well, then went off the rails |
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Your Democracy
Wednesday, December 10, 2025 - 06:42
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From being custodians of public knowledge, governments are turning to architects of manufactured ignorance. Amid disappearing evidence, citizens are struggling to hold power to account. Around the world, governments are quietly deleting, manipulating, or withholding public data at an unprecedented scale, which is a direct threat to democratic accountability.
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Your Democracy
Wednesday, December 10, 2025 - 05:44
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Ukrainian President Volodymyr Zelenskyy held a meeting with Pope Leo XIV at Castel Gandolfo, located outside Rome. |
Australian Energy Market Commission makes a series of welcome energy pricing reform recommendations, and one that is bound to spark plenty of push-back.
A planned shutdown of gas networks in 10 regional towns has resulted in households being pushed towards LPG rather than electrifying their homes.
European Union members have set a new and binding 2040 climate target of reducing net greenhouse gas emissions by 90 per cent compared to 1990 levels.
One of the country's biggest solar farms has reached full commercial operations, after being built well ahead of schedule.
Financial close has been reached for the four-hour big battery next to Australia's biggest wind farm, paving the way for construction to start.
BHP to sell $A3 billion stake in remote, stand-alone electricity network that is the backbone of its Pilbara mining operations to an offshoot of BlackRock.
Neoen is to double the size of its first Queensland battery, making it the biggest in its Australian portfolio.
Lithium-ion battery prices fall to record low, with grid scale storage plunging 45 per cent in the last year, new survey shows.
French oil giant developing massive multi-gigawatt solar and battery project south of Darwin that may be rival to bigger SunCable project further south.
