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Ukraine has so far staved off any major Russian advance into the north of its Donetsk region, but pressure is intensifying with heavy shelling on the city of Sloviansk and nearby populated areas, the Ukrainian military said on Wednesday.

Ukraine has so far staved off any major Russian advance into the north of its Donetsk region, but pressure is intensifying with heavy shelling, missile and rocket fire on the city of Sloviansk and nearby populated areas, Kyiv's military said on Wednesday.

Ukraine has so far thwarted an attempted Russian advance into the north of its Donetsk region, but the city of Sloviansk and other populated areas there were being pounded by artillery and missiles, Ukrainian officials said on Wednesday.

Ukraine has so far thwarted an attempted Russian advance into the north of its Donetsk region but the city of Sloviansk and other civilian areas are being heavily shelled, Ukrainian officials said on Wednesday.

Ukrainian defenders fought desperately to withstand a major Russian offensive in the Donetsk region, with the enemy laying down heavy artillery fire to pave the way for ground forces to advance, a senior Ukrainian official said on Wednesday.

Russian troops are engaged in heavy fighting supported by widespread artillery fire as they launch a major offensive for Ukraine's Donetsk region, Ukrainian officials said, a day after Moscow declared victory in the neighbouring province of Luhansk.

The dollar rose to fresh 20-year highs on Wednesday and the euro tumbled to a new two-decade low as rising energy prices cast a long shadow over the euro zone's economy but bolstered the U.S.

The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc's economy, while demand for safe-haven assets drove the dollar to fresh 20-year highs.

The euro edged to a fresh two-decade low against the dollar on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc's economy despite some reassuring headlines about gas supplies.

The euro was just off its lowest in almost two decades against the dollar as concerns about the impact of surging energy prices on the euro zone economy continued to weigh.

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers as higher gas prices and political uncertainty renewed recession fears and sent investors scrambling to the safe-haven currency.

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers as higher gas prices and political uncertainty renewed recession fears and sent investors scrambling to the safe-haven currency.

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Gold extended its selloff to an over nine-month low on Wednesday hurt by a stronger dollar, while the Federal Reserve's June meeting minutes established a more "restrictive" monetary policy.

Gold prices staged a slight recovery on Wednesday as some investors resorted to bargain hunting after a more than 2% fall in the previous session, while focus was also on minutes of the U.S.

Gold hovered near a fresh seven-month low on Wednesday, with the dollar perched at a two-decade peak, as investors continued to snub bullion and look to the greenback for safety amid growing anguish over a worsening global economic outlook.

Gold found temporary respite on Wednesday after touching a near seven-month low in the previous session, as the dollar paused for breath after a blistering surge to 20-year highs.

Qantas Airways Ltd's unionised licensed aircraft engineers are voting on work stoppages of up to 12 hours and overtime bans from next month after failing to reach a pay agreement with the airline, the union's head said on Wednesday.

A wild storm system has moved away from Sydney after pounding Australia's largest city with four days of torrential rain, satellite images showed on Wednesday, although river waters stayed above danger levels, forcing more evacuations.

A wild storm system that has pounded parts of Sydney with torrential rain for four days has moved away from the city, satellite images showed on Wednesday, although rivers remained above danger levels, forcing more evacuations.

On March 24, a court in the central Chinese city of Fuyang announced that a $1.5 billion hospital built just four years earlier had filed for bankruptcy because it was unable to pay its debts.

Oil prices dropped to a 12-week low in volatile trade on Wednesday, extending Tuesday's heavy losses as growing fears of demand destruction from a global recession outweighed supply concerns.

Oil prices fell in volatile trading on Wednesday, extending Tuesday's heavy losses as growing fears of a global recession outweighed supply concerns.

Oil prices rose on Wednesday, clawing back some of Tuesday's heavy losses as supply concerns returned to the fore and outweighed lingering worries about a potential global recession.

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.