- A US federal court judge has blocked President Barack Obama's six-month moratorium on deep water oil drilling in the Gulf of Mexico.
- The toughest Budget package of spending cuts and tax increases in a generation means the UK "can look to a brighter future", George Osborne has said.
- The Brazilian state-run oil producer, Petrobras, has delayed by two months one of the world's largest planned share offerings.
- British Airways cabin crew will be balloted on fresh strikes if there is no progress towards a solution by Tuesday, the Unite union has said.
- Banks operating in the UK will be hit with a levy in a move set to raise more than £8bn over four years, the chancellor has announced.
- US Treasury Secretary Timothy Geithner has warned that the country's economy "is still going through an incredibly difficult period".
- Sales of previously-owned US homes fell unexpectedly in May despite tax credits designed to encourage homebuyers, figures suggest.
BBC Business News 23rd June 2010
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