This is your round-up of the financial news from around the world:
1. Britain's biggest supermarkets, including Tesco (TSCDY) , Sainsbury's (JSAIY) and Walmart's (WMT) - Get Report U.K. unit Asda, are all suffering from sales declines amid a sharp rise in food price inflation and increasing competition from low-cost rivals.
2. Toshiba Corp (TOSYY) shares fell sharply again Tuesday amid speculation that the troubled conglomerate would seek to pledge equity in its flash memory business to prevent banks from calling in existing loans.
3. ABB Ltd(ABB) - Get Report said Tuesday that it will buy Bernecker + Rainer Industrie-Elektronik GmbH (BR), an Austrian group which designs factory automation technology, for an undisclosed sum that could be the Swiss firm's biggest acquisition in more than five years.
READ MORE: ABB Buys Austria's B&R In Industrial Automation Play
4. Deutsche Bank(DB) - Get Report shares extended their recent run of declines Tuesday, taking the stock to a near four-month low as investors reset expectations for Germany's biggest lender as it seeks to raise $8.6 billion to support its balance sheet.