Banks forced to lower the installment of the house – Economy

The Government approved this Thursday, in the Council of Ministers, a diploma that will ease the payment of house payments for indebted families. Banks will be obliged to renegotiate variable rate loans, up to 300 thousand euros, without increasing ‘spreads’ (profit margins) whenever families have to commit more than one third (36%) of their net […]

Jorge Vasconcelos: Investors cannot invest in renewables because there is no grid capacity – Energy

Bureaucratic reasons and grid saturation are blocking investments in renewables in Portugal. In an interview with Jornal de Neg√≥cios and Antena 1, the former president of ERSE, Jorge Vasconcelos, considers that more than investing in gas pipeline interconnections to Europe, Portugal should focus primarily on the modernization of energy transport and distribution networks. . Especially […]

Two Indian refiners suspend purchases of Russian oil – Raw Materials

Indian refiners Indian Oil and Bharat Petroleum have suspended purchases of Russian oil until there is clarity on the EU sanctions package against Moscow, which will take effect on December 5th. The new package bans European insurers from taking out policies and providing other services to Russian trade. Both Indian Oil and Bharat Petroleum are […]

China to stop reselling liquefied natural gas to Europe – Raw Materials

Beijing’s order is clear: no energy company should resell Liquefied Natural Gas (LNG) to foreign buyers, including Europeans and other Asian countries, in order to guarantee the supply of raw material in China during the winter. The news was advanced by Bloomberg, citing sources close to the process. China’s National Development and Reform Commission has […]

Fed signals adjustments in upcoming interest rate hikes – Monetary Policy

The US Federal Reserve (Fed) remains committed to raising the federal funds rate to a “sufficiently restrictive” level, keeping it there for some time, in order to cope with inflation. Even so, some participants at the monetary policy meeting that took place in September warned of the possibility of an adjustment to the pace of […]