UK coal mine decision delayed as politics intervenes

By Susanna Twidale LONDON (Reuters) -A UK government decision on whether to allow a new coal mine in Cumbria, northwest England, was delayed for up to six weeks after Michael Gove, the minister responsible for the relevant department, was sacked by Pri…

BoE’s Pill will consider bigger rate rises if needed

LONDON (Reuters) -Bank of England chief economist Huw Pill said on Thursday that he would consider a faster pace of interest rate rises to tackle “uncomfortably high” inflation, but only if needed to stop long-term price pressures from becoming entrenc…

Stocks climb with Treasury yields, Sterling climbs

By SinĂ©ad Carew and Huw Jones NEW YORK/LONDON (Reuters) – U.S. equities were rising with Treasury yields on Thursday as investors looked beyond upcoming rate hikes while oil prices rose with a focus on supply concerns outweighing recession fears. In fo…