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Updated: 35 min 14 sec ago

Risk appetite flickers as ECB bets hold down euro

3 hours 5 min ago

By Marc Jones LONDON (Reuters) - Risk appetite flickered back to life in financial markets on Tuesday with the dollar and European and Japanese shares rising while safe-haven bonds, the yen and gold all took a step back. The dollar rose to its highest since January against the yen and the euro slipped to a one-year low after another drop in euro zone producer prices heightened speculation about what the ECB will do when it meets on Thursday. Ukraine said 15 of its soldiers had been killed in the past 24 hours in fighting with pro-Russian separatists backed by Russian troops, while Europe's next foreign policy chief said the bloc's leaders would decide on a package of new sanctions against Russia by Friday. "We need to respond in the strongest possible way," Italy's Frederica Mogherini told reporters following a presentation to EU lawmakers in the European Parliament.

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Canada manufacturing growth at nine-month high in Aug

3 hours 6 min ago

The pace of growth in the Canadian manufacturing sector edged up in August to a nine-month high, helped by modest improvement in new orders and employment, data showed on Tuesday. The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 54.8 last month from 54.3 in July. "The momentum in Canada's manufacturing sector is clearly being sustained," said Craig Wright, chief economist at RBC. "We expect that Canadian manufacturers will continue to directly benefit from the strengthening U.S.

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Delta flight from NY to Florida flight diverted due to passenger argument over reclining seat

3 hours 43 min ago
A Delta Air Lines flight from New York to West Palm Beach, Florida, was diverted to Jacksonville because of a dispute between passengers over a reclining seat. Jacksonville station News 4 Jax ( ) reports that Delta says the flight was diverted Monday night. Passenger Aaron Klipin told the station a woman sitting next to him got into an argument with a passenger behind her. The woman was trying to recline her seat while the other passenger was trying to sleep.
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Driver seriously hurt after Montreal Road collision

4 hours 13 min ago
Four people were injured after a serious two-car collision on Montreal Road at Marier Avenue Tuesday morning.
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Police probe fatal stabbing in Bowness

4 hours 19 min ago
One man is dead after a stabbing in northwest Calgary late Monday night.
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Goldman cuts price target on Bombardier; sees further CSeries delay

4 hours 21 min ago

Goldman Sachs cut its price target on Bombardier Inc and reiterated a "sell" rating on shares of the train and plane maker on Tuesday, warning it expected the CSeries aircraft's entry into service to be delayed again. Goldman's price cut came just days after a Swedish carrier backed out as the first customer to start commercial flights with its new CSeries jet. Malmo Aviation, owned by Sweden's Braathens Aviation, was slated to be the first CSeries customer to take delivery of the new jet in the second half of 2015, but the airline said on Friday that will no longer be the case. "We believe the CSeries will negatively impact Bombardier's financial results and create negative catalysts for the next several years," Goldman analyst Noah Poponak said in a note to clients.

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Online posting of nude photos of Jennifer Lawrence, other stars, prompt FBI inquiries

4 hours 24 min ago
The FBI said it was addressing allegations that online accounts of several celebrities, including Oscar-winner Jennifer Lawrence, had been hacked, leading to the posting of their nude photographs online. The agency did not say Monday what actions it was taking to investigate who was responsible for posting naked photos of Lawrence and other stars. Apple said Monday it was looking into whether its online photo-sharing service had been hacked to obtain the intimate images. Lawrence, a three-time Oscar nominee who won for her role in "Silver Linings Playbook," contacted authorities after the images began appearing Sunday.
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Ukraine: Russian forces with rebels in major eastern cities; govt gears up for bigger war

4 hours 43 min ago

Russian military forces have been spotted in both major rebel-held cities in eastern Ukraine, an official said Tuesday, prompting Ukraine to declare it now has to fight the Russian army, not just the separatists. The statement on the Russians by Col. Andriy Lysenko, a spokesman for Ukraine's National Security Council, came after the country's defence minister said Ukraine's armed forces are expanding their strategy from just fighting separatists to facing the Russian army in a war that could cost "tens of thousands" of lives. In Moscow, a Kremlin aide sharply criticized EU Commission President Jose Manuel Barroso for breaching confidentiality when he quoted Russian President Vladimir Putin as saying that Moscow could take over Kyiv in two weeks if it wished.

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Dollar General sweetens Family Dollar bid, may go hostile

4 hours 44 min ago

Dollar General Corp raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, and warned it may turn hostile and appeal directly to shareholders if the new offer was rejected. Family Dollar opted instead for an $8.5 billion cash-and-stock bid from Dollar Tree Inc . Family Dollar's shares were up almost 1 percent at $80.52 in premarket trading on Tuesday, above Dollar General's offer, suggesting some investors held hopes of higher offers. Shares of Dollar General, which increased its all-cash offer by 2 percent, were up 2.3 percent.

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Chris Brown to appear in DC court for plea hearing on assault charge from hotel fight

5 hours 5 min ago

Singer Chris Brown is expected to appear in a District of Columbia court for what would be a third attempt at a plea deal to resolve an assault case. According to court filings, Brown is scheduled to appear in D.C. Superior Court on Tuesday at 9 a.m. A hearing originally scheduled for Friday was postponed. Attorney spokesman Bill Miller declined to comment on the case. In January and again in June, Brown rejected plea deals on a misdemeanour assault charge in an October 2013 fight outside a Washington hotel.

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Officials say roadside bomb kills 11 police officers in Egypt's troubled Sinai amid offensive

5 hours 9 min ago
EL-ARISH, Egypt - A roadside bomb exploded Tuesday near an armoured police vehicle travelling in Egypt's restive Sinai Peninsula, killing 11 police officers, including a senior official, security and medical officials said. The bomb appeared to have been detonated by remote control and it went off as the police vehicle was driving through the village of el-Wefaq near the Egyptian border with the Gaza Strip, security officials said. The Egyptian military, aided by police forces, is carrying out an offensive in the northern Sinai, a militant stronghold where it has killed and captured dozens of suspects in recent months.
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UN food agency warns food prices rising in Ebola-hit nations, upcoming harvests to be affected

5 hours 11 min ago
Food in countries hit by Ebola is getting more expensive and will become scarcer because many farmers won't be able to access fields, a U.N. food agency warned Tuesday. An Ebola outbreak in West Africa has killed more than 1,500 people, and authorities have cordoned off entire towns in an effort to halt the virus' spread. Surrounding countries have closed land borders, many airlines have suspended flights to and from the affected countries and seaports are seeing less traffic, restricting food imports to the hardest-hit countries. Those countries — Guinea, Liberia and Sierra Leone — all rely on grain from abroad to feed their people, according to the U.N. Food and Agriculture Organization.
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Crystal Palace amusement park dismantled

5 hours 18 min ago

Members of a P.E.I. family are in Moncton to begin taking apart the indoor amusement park, Crystal Palace. Crystal Palace closed permanently Monday. The operators of the mall containing the park, Cadillac Fairview, are shutting it down in favour of a new Bass Pro Shop.

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Fire at abandoned Barrhaven building deemed suspicious

6 hours 2 min ago

Ottawa police are investigating after a Monday evening fire at an abandoned building in the 1000 block of McGarry Terrace in Barrhaven.

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Mental health services offered to UPEI students

6 hours 24 min ago
UPEI students will be learning about new mental health services available to all students on the campus starting this year. UPEI has partnered with Shepell-FGI, a private company that offers mental health services. Student affairs manager Treena Smith told CBC News that in addition to on-campus counseling traditionally available students will now have access to support services online and on the phone.
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Tony Accurso set to testify at Quebec corruption inquiry

6 hours 41 min ago
One of the most anticipated witnesses, construction entrepreneur Tony Accurso, will finally take the witness box at the Charbonneau commission Tuesday after he failed in a string of legal battles to avoid testifying. "The work of the commission would have been incomplete without the testimony of Tony Accurso," said Brian Myles, a reporter for Le Devoir who is covering the inquiry. Accurso spent months exhausting all legal avenues to duck his subpoena, taking his objections all the way to the Supreme Court of Canada.
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Charbonneau commission: Tony Accurso won't spill much, past star witness says

6 hours 42 min ago
Listen to Lino Zambito's interview on CBC's Daybreak at 7:15 a.m. ET on Sept. 2.  One of the Charbonneau commission’s past star witnesses says it may be the evidence presented, and not Tony Accurso’s testimony, that sheds the most light on the role the former construction magnate played in an alleged system of organized collusion in public contracts. Accurso, who fought the subpoena ordering him to appear before the commission right up to the Supreme Court before running out of legal options, will finally testify later today at Quebec's ongoing corruption inquiry.  
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Ottawa student housing demand continues to outpace supply

7 hours 12 min ago

Thousands of new students moved in to residences this weekend for the start of the academic year at Ottawa's universities and colleges, but a shortfall of beds available means many students start the year struggling to find off-campus accommodation. Carleton University student Sarah Dorey said her experience hunting for an apartment has been frustrating. "Well I looked through the Carleton boards; my roommate who goes to Ottawa U looked through the boards there.

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Cheap energy pulls down euro zone producer prices drop in July

7 hours 24 min ago

A drop in the highly volatile energy prices depressed euro zone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the European Central Bank's monetary policy meeting on Thursday. Producer prices are an early indication of price trends. The ECB meets on Thursday, facing a dilemma how to respond to vanishing inflation in the 9.6 trillion euro economy whose recovery unexpectedly stalled in the second quarter, only two months after an interest rate cut in June. Producer prices in July, when compared with the same period last year, rose only in three euro zone countries - Estonia, Ireland and Latvia and were flat in the twice bailed-out Greece.

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Quebec corruption inquiry resumes with ex-construction boss set to take stand

7 hours 42 min ago
MONTREAL - A powerful former construction magnate could finally take the stand when Quebec's corruption inquiry returns today from its summer break.
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