IBT Staff Reporter

A surprisingly large rate rise in Australia weighed on shaky Asian stocks on Tuesday and pushed the yen to a fresh 20-year low, making investors even more nervous ahead of U.S.

World shares fell on Tuesday and bond yields remained supported as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S.

World shares fell on Tuesday and bond yields dipped from recent highs as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S.

World shares wavered and bond yields slid on Tuesday after a surprise rate hike in Australia unsettled investors, but Target Corp's warning on profit margins also included plans to slash prices, a sign that inflation may be peaking.

World shares rebounded on Tuesday on the notion inflation may be peaking after Target Corp said it would offer deep discounts to clear inventory as consumers change their shopping habits, while Treasury yields fell after a surprise rate hike in Australia.

Ukrainian troops were engaged in fierce street fighting with Russian soldiers in the industrial city of Sievierodonetsk, President Volodymyr Zelenskiy said, in what is a pivotal battle in the Kremlin's attempt to control the eastern Donbas region.

Ukrainian troops were engaged in fierce street fighting with Russian soldiers in the industrial city of Sievierodonetsk, while other towns were under constant shelling, as the Kremlin pushed for control of the eastern Donbas region.

Ukrainian troops were engaged in fierce street fighting with Russian soldiers in the industrial city of Sievierodonetsk, while other towns were under constant shelling, as the Kremlin pushed for control of the eastern Donbas region.

Ukrainian troops battled Russians street-to-street in the ruins of Sievierodonetsk on Tuesday, trying to hold onto gains from a surprise counter-offensive that had reversed momentum in one of the bloodiest land battles of the war.

Ukraine will fight to recover all its territory occupied by Russian forces, President Volodymyr Zelenskiy said on Tuesday, as his troops struggled to hold their ground in bloody street-to-street fighting in the city of Sievierodonetsk.

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The dollar continued its overnight rally into Asian trading hours on Tuesday, hitting fresh two-decade highs versus the yen, as worries about persistent inflation pushed up U.S.

The Australian dollar surged after the country's Reserve Bank hiked interest rates more than expected, while the yen dropped to a fresh two-decade low against the greenback as worries about persistent inflation pushed up U.S.

The dollar rallied for a second day, reaching a fresh two-decade high against the yen, as worries that inflation would prove sticky lifted Treasury yields while also hurting Asian equities, both to the U.S currency's benefit.

The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades.

The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades.

Bank of Japan Governor Haruhiko Kuroda faced political heat on Tuesday for a remark a day earlier that households were becoming more accepting of price rises, underscoring public sensitivity to rising living costs.

Japan's central bank chief Haruhiko Kuroda apologised on Tuesday for a remark a day earlier that households were becoming more accepting of price rises after drawing political heat on the issue, underscoring public sensitivity to rising living costs.

Oil prices inched higher on Tuesday on expected demand recovery in China as it relaxed tough COVID curbs and doubts a higher output target by OPEC+ producers would ease tight supply.

Oil prices edged higher on Tuesday on an expected demand recovery in China as the world's second-biggest economy relaxes tough COVID-19 curbs, and on doubts that a higher output target by OPEC+ producers would ease tight supply.

Oil prices were stable on Tuesday as the market balanced risk sentiment with supply concerns and the prospect of higher demand as China relaxes its COVID curbs.

Oil prices rose in a seesaw session on Tuesday as the market weighed risk sentiment against supply concerns and the prospect of higher demand after relaxation of China's COVID curbs.

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A U.S. judge on Monday blocked a Louisiana Republican redistricting map that created only one majority-Black congressional district in the state, ordering the state legislature to redraw the map with a second such district within the next two weeks.

A former human resources officer at Eli Lilly and Co sued the drugmaker on Monday, alleging she was terminated after pointing out poor manufacturing practices and data falsification involving one of its blockbuster diabetes drugs.

Japan's household spending fell faster than expected in April as the yen's sharp decline and surging commodity prices pushed up retail costs, hitting consumer confidence and heightening pressures on the battered economy.

A consultation for a global standard to assess companies' claims about progress towards internal climate targets and their use of carbon offset credits launched on Tuesday, seeking to bring transparency to an unregulated market.

Street fighting between Ukrainian and Russian troops raged in the battle for the industrial city of Sievierodonetsk as Moscow's forces pushed to conquer Ukraine's eastern Donbas, seeking a decisive win more than 100 days into the invasion.