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Oz Blog News Commentary
MacroBusiness Wednesday, December 10, 2025 - 14:00 Source

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.

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Renew Economy Wednesday, December 10, 2025 - 13:18 Source

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.

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 Source

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.

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Renew Economy Wednesday, December 10, 2025 - 12:42 Source

One of the country's biggest solar farms has reached full commercial operations, after being built well ahead of schedule.

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 Source

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.

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.

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Renew Economy Wednesday, December 10, 2025 - 12:08 Source

bhp pilbara miningBHP 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.

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 Source

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.

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Renew Economy Wednesday, December 10, 2025 - 11:43 Source

Neoen is to double the size of its first Queensland battery, making it the biggest in its Australian portfolio.

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 Source

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.

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MacroBusiness Wednesday, December 10, 2025 - 11:00 Source

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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xkcd.com Wednesday, December 10, 2025 - 11:00 Source

'That's definitely above the catch-and-release size minimum for planetesimals.' 'I'm going to throw it back anyway.'

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MacroBusiness Wednesday, December 10, 2025 - 10:30 Source

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.

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MacroBusiness Wednesday, December 10, 2025 - 10:00 Source

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 Source

Waratah Super Battery.Lithium-ion battery prices fall to record low, with grid scale storage plunging 45 per cent in the last year, new survey shows.

The post Lithium-ion battery pack prices for the grid plunge by 45 per cent in past year appeared first on Renew Economy.

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The Tally Room Wednesday, December 10, 2025 - 09:30 Source

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 Source

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.

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MacroBusiness Wednesday, December 10, 2025 - 09:00 Source

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 Source

 

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MacroBusiness Wednesday, December 10, 2025 - 08:00 Source

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 Source

French oil giant developing massive multi-gigawatt solar and battery project south of Darwin that may be rival to bigger SunCable project further south.

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.

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John Quiggin Wednesday, December 10, 2025 - 07:34 Source

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 Source

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 Source

 

Ukrainian President Volodymyr Zelenskyy held a meeting with Pope Leo XIV at Castel Gandolfo, located outside Rome.

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MacroBusiness Wednesday, December 10, 2025 - 00:05 Source

Research by Super Consumers Australia has found that the typical single retiree paying rent needs $659,000 in superannuation to enjoy a financially secure future, more than twice the $322,000 required by a homeowner. Couples face a similar gap: $786,000 for renters versus $432,000 for homeowners. Renters are three times more likely to struggle financially in

Read more Views: 84
Renew Economy Wednesday, December 10, 2025 - 00:05 Source

 Neoen AustraliaAEMO's latest ISP says wind, solar and storage still cheapest option to replace coal, but warns that slower rollout may result in missed targets.

The post ISP warns of missed targets and added costs from delays, and as LNP throws coal spanner in the works appeared first on Renew Economy.

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Renew Economy Wednesday, December 10, 2025 - 00:03 Source

TransmissionLineSA-copy-2The ISP remains the best planning document stakeholders could wish for. Its weakness is it’s only a planning document, someone else has to implement it.

The post AEMO’s latest ISP plots a steady course, but private sector is running out of excuses appeared first on Renew Economy.

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Your Democracy Tuesday, December 9, 2025 - 21:53 Source

 

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Renew Economy Tuesday, December 9, 2025 - 16:40 Source

Contractor signed up for early works at one of the biggest battery projects in Queensland, with construction to start next year.

The post Contractor signed up for early works at one of Queensland’s biggest battery projects appeared first on Renew Economy.

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MacroBusiness Tuesday, December 9, 2025 - 16:00 Source

All eyes on the RBA in its last meeting of the year today with a hawkish hold the expected outcome which gave the Aussie dollar a small boost but stocks didn’t like the result. Other Asian share markets are on the back foot due to a listless Wall Street as we head into the final

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, December 9, 2025 - 15:17 Source

Two renewable energy projects have taken important next steps forward this week in state's race to meet pledge to quit coal by the end of the decade.

The post State moves ahead on new wind farm and Indigenous-backed energy parks in race to quit coal appeared first on Renew Economy.

Read more Views: 91

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