Latest BBC Business News:

Rogue trades cost oil broker $10m
A rogue trader at a London-based oil brokerage causes his employer to lose $10m (£6m) after making unauthorised trades.

BA to cut spending by one fifth
British Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers.

Darling issues warning to bankers
Chancellor Alistair Darling warns bankers it would be "disastrous" to repeat past mistakes - especially excessive bonuses.

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E.On cutting gas prices by 3.3%
Energy firm E.On will cut its gas prices for domestic customers by 3.3% - an average of £25 a year - from Saturday.

Mandelson hints at Vauxhall loans
The UK is prepared to make loans or loan guarantees to help push through the sale of Vauxhall, says Lord Mandelson.

Mortgage repayment quickens
Homeowners in the UK paid back a record amount of their outstanding mortgage debt during the first three months of 2009.

Europe nears gas pipeline accord
Five European governments are due to sign an agreement on 13 July for a major new pipeline from Central Asia.

Union's Tesco challenge defeated
Tesco shareholders vote against a call to end the alleged exploitation of workers in firms supplying meat to the supermarket group.

Eurozone retail sales post fall
Retail sales in the eurozone fell more than expected in May, a further sign of the slowing economy, data shows.


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