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Asian shares rise and commodity prices ease after rally on Wall Street

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Asian shares rise and commodity prices ease after rally on Wall Street

Equities rose as some commodity costs eased, giving international markets a reprieve after a relentless collection of inventory losses pushed by the escalating warfare between Russia and Ukraine.

Japan’s Topix rose 4 per cent and was on observe for its finest day in virtually 21 months, whereas Australia’s S&P/ASX 200 gained 1.2 per cent. China’s benchmark CSI 300 index rose 2.3 per cent whereas in Hong Kong the Grasp Seng index climbed 1 per cent.

The positive aspects in Asia adopted on the heels of a rally on Wall Avenue, the place the benchmark S&P 500 rose 2.6 per cent and the tech-focused Nasdaq Composite jumped 3.6 per cent after the Europe’s continent-wide Stoxx 600 index rose 4.7 per cent.

The rebound ended a four-day shedding streak for international equities spurred by issues over the fallout from the warfare in Ukraine, as escalating sanctions elevated the specter of spiralling commodity costs sparking recessions in Europe and elsewhere on the earth.

“Markets appear to have latched on to a few barely much less dismal clues as an excuse to rally arduous within the final 24 hours,” stated Robert Carnell, head of Asia analysis at ING.

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These developments included an anticipated assembly between Russian and Ukrainian officers on Thursday and the suggestion oil-producing nations may increase output, he stated. The EU may even maintain a summit to debate a brand new development and funding mannequin and the best way to scale back dependence on Russian vitality.

However he added that “skinny markets and short-covering in all probability assist clarify chunk” of the rebound.

Inventory futures pointed to a lack of upward momentum for international shares in the course of the European session on Thursday, with the Euro Stoxx 50 tipped to rise simply 0.1 per cent. The S&P 500 was anticipated to open flat.

In commodities markets, crude costs rebounded after ending Wednesday’s session sharply decrease. Brent crude, the worldwide benchmark, rose 2.7 per cent to $114.10 after dropping 13 per cent within the earlier session, whereas US marker West Texas Intermediate rose 1.6 per cent to $110.43, recovering barely within the wake of a 12 per cent drop.

Wheat futures traded in Chicago, which have surged in latest days on fears of disruption to exports from Ukraine and Russia, closed virtually 6 per cent decrease in the course of the Asian morning at slightly below $12 a bushel.

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In China, the one nickel futures nonetheless buying and selling fell by the utmost quantity allowed, with contracts for supply in August down 17 per cent. Shanghai’s futures change suspended buying and selling for greater than half of the nation’s nickel contracts for a day on Wednesday after the Chinese language benchmark contract rose the utmost quantity for a number of consecutive days.

That surge was a response to unprecedented positive aspects in London, the place the London Metallic Trade was pressured to halt buying and selling this week when a foul guess that costs would fall by Chinese language nickel producer Tsingshan Holding triggered a cascade of margin calls that despatched the benchmark contract hovering to greater than $100,000 a tonne.

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Brazilian president Lula in intensive care after brain surgery

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Brazilian president Lula in intensive care after brain surgery

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Brazilian President Luiz Inácio Lula da Silva is in intensive care after brain surgery and is recovering “well”, the government announced on Tuesday.

The 79 year old, commonly referred to as Lula, underwent a craniotomy procedure to drain a haematoma on his head after an MRI scan showed an “intracranial haemorrhage”, according to a medical note shared by the government.

The injury related to a fall at home on October 19 and Lula had been suffering headaches, the note said.

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The surgery was “uneventful”, the note added, and Lula was being monitored in intensive care at the Sírio-Libanês hospital in São Paulo. Doctors will hold a press conference at 9am local time on Tuesday. 

Lula cancelled his attendance at the Brics summit in Russia in October, citing health reasons. His surgery comes at a challenging moment for his presidency after he returned to power for a third term last year, with a pledge to lift welfare spending and expand the role of the state.

His administration has sought to reassure investors over his plans by promising to eliminate Brazil’s so-called primary budget deficit, which does not include debt interest payments. However, it has already watered down its own targets for achieving a surplus from next year onwards.

The Brazilian real hit an all-time low last month, falling below six to the US dollar, because of mounting concerns over the country’s public finances. On Tuesday it was flat in early trading at 6.08 per US dollar.

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Luigi Mangione, alleged UnitedHealthcare CEO killer, charged with murder in New York

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Luigi Mangione, alleged UnitedHealthcare CEO killer, charged with murder in New York

Prosecutors in New York City charged accused UnitedHealthcare CEO killer Luigi Mangione with murder late Monday night, according to online court records.

The 26-year-old was also charged with criminal possession of a weapon (loaded firearm), possession of a forged instrument and criminal possession of a weapon (firearm silencer) in the brazen Dec. 4 shooting death of Brian Thompson.

Thompson, 50, was shot from behind on the sidewalk outside a NYC Hilton hotel before a shareholder conference. He was appointed the CEO of the company in April 2021.

Mangione was arrested in Altoona, Pennsylvania, on Monday after a five-day nationwide manhunt for Thompson’s killer.

UNITEDHEALTHCARE CEO MURDER SUSPECT ARRESTED AT PENNSYLVANIA MCDONALD’S

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A still image from video shows Luigi Mangione, 26, being taken into a Pennsylvania courthouse Monday evening after being questioned in connection with the murder of UnitedHealthcare CEO Brian Thompson. (Fox News)

Rookie Altoona police officer Tyler Frye took Mangione into custody after an employee and a customer at a McDonald’s in the town thought he looked like the suspect on a wanted poster and called authorities.

When officers approached Mangione, who was wearing a mask and a beanie and working on a laptop in the back of the restaurant, and asked him to remove his face covering, they recognized him as the suspect wanted for questioning in Thompson’s murder.

During that encounter, he allegedly handed over a fake ID, gave a phony name, and “became quiet and started to shake” when asked if he’d recently been to New York.

He was also allegedly in possession of writings criticizing the healthcare industry and a ghost gun similar to the one believed to have been used to kill Thompson.

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Luigi Mangione UHC shooter suspect split image

Luigi Mangione was charged with multiple crimes, including first-degree murder, in New York City late Monday night in connection with the shooting death of UnitedHealthcare CEO Brian Thompson.

Altoona police initially took Mangione into custody on charges unrelated to Thompson’s murder – possession of an unlicensed firearm, providing false identification to police and forgery.

WHO IS LUIGI MANGIONE, SUSPECT IN UNITEDHEALTHCARE CEO MURDER? 

Mangione graduated top of his class from the elite Gilman School in Baltimore, and even delivered the commencement speech at his 2016 graduation, according to video of the ceremony.

“He seemed like a smart kid, he was always doing the right thing, it seemed like,” a former classmate, who was shocked by the arrest, told Fox News Digital Monday. “Wasn’t crazy.”

He then graduated from the University of Pennsylvania with a bachelor’s and master’s degree in engineering and was part of the Eta Kappa Nu Honor Society for Electrical and Computer Engineering.

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A photo obtained by Fox News Digital shows Luigi Mangione.

A photo obtained by Fox News Digital shows Luigi Mangione, the accused killer of UnitedHealthcare CEO Brian Thompson. (Obtained by Fox News Digital)

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Mangione is expected to be extradited to New York as early as Tuesday.

Fox News Digital’s Michael Ruiz and Brooke Curto contributed to this report.

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Map: 5.8-Magnitude Earthquake Strikes Nevada

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Map: 5.8-Magnitude Earthquake Strikes Nevada

Note: Map shows the area with a shake intensity of 3 or greater, which U.S.G.S. defines as “weak,” though the earthquake may be felt outside the areas shown. The New York Times

A moderately strong, 5.8-magnitude earthquake struck in Nevada on Monday, according to the United States Geological Survey.

The temblor happened at 3:08 p.m. Pacific time about 15 miles northeast of Yerington, Nev., data from the agency shows.

U.S.G.S. data earlier reported that the magnitude was 5.7.

As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

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Aftershocks in the region

An aftershock is usually a smaller earthquake that follows a larger one in the same general area. Aftershocks are typically minor adjustments along the portion of a fault that slipped at the time of the initial earthquake.

Quakes and aftershocks within 100 miles

Aftershocks can occur days, weeks or even years after the first earthquake. These events can be of equal or larger magnitude to the initial earthquake, and they can continue to affect already damaged locations.

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Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Pacific time. Shake data is as of Monday, Dec. 9 at 7:46 p.m. Eastern. Aftershocks data is as of Monday, Dec. 9 at 10:08 p.m. Eastern.

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