World
Chinese shares tumble
Beijing : Chinese shares tumbled heavily in the morning session on Monday, the first trading day of 2016, with the benchmark Shanghai Composite Index nose-diving over four percent.
 
At 10.16 a.m. (local time) the benchmark Shanghai Composite Index slumped 4.03 percent and the smaller Shenzhen index plunged 5.22 percent, Xinhua reported.
 
The ChiNext Index, China's NASDAQ-style board of growth enterprises, plummeted 5.5 percent.
 
The A-share market's tumble coincided with the launch of a "circuit breaker mechanism" designed to curb wild swings in the stock market.
 
The mechanism will follow changes in the Hushen 300 Index, which reflects the performance of China's Shanghai and Shenzhen stock exchanges.
 
When the index rises or falls by five percent, the circuit breaker will be triggered with a 15-minute suspension in stock trading.
 
Market analysts attributed the slump in part to lower-than-expected manufacturing activity, which dented market sentiments.
 
The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, edged down to 48.2 in December from 48.6 in November, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd on Monday.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Indian consulate in Afghanistan attacked, two terrorists killed
Kabul : A group of armed men late Sunday attacked the Indian consulate in Mazar-e-Sharif, the capital of northern Balkh province, the provincial governor spokesperson told media.
 
Officials said attackers have taken up positions inside a residential home located in front of the Indian mission and are firing on the consulate.
 
"The number of attackers were 4, two of them killed but not confirmed by police yet," Afghan news agency Pajhwok Afghan News said in a tweet.
 
"Two attackers were killed in fighting after insurgents attacked Indian consulate in Mazarisharif city," it said in an earlier tweet.
 
Sources told Xinhua news agency that there were no casualties on the Indian side.
 
"Two of the four militants, who targeted the three-member consulate, have been gunned down by Afghan special forces," the sources said.
 
In a series of tweets, Pajhwok Afghan News earlier said: "Police confirmed blast in gun fires in PD4 near to #Indian consulate in #Afghanistan's Mazar-i-Sharif city."
 
"Balkh governor spokesman told Pajhwok that attackers entered a house and firing on Indian Consulate in Maza-i-Sharif city."
 
"Police says, no casualties were reported yet from attack on #Indian Consulate in Maza-i-Sharif city."
 
"Gun fires resumed after armed people attacked #Indian Consulate in MazairSharif city."
 
BBC also said explosions and gunfire were heard near the Indian consulate.
 
The report said it was not immediately clear whether the consulate was directly targeted, as the area also has a building belonging to a local politician.
 
Indian diplomatic missions in Afghanistan have come under militant attacks earlier too. In 2008 and 2009, the embassy in Kabul was attacked, leaving dozens dead.
 
In May 2014, gunmen attacked the Indian consulate in Herat, while in August 2013, nine civilians died when the consulate in Jalalabad was targeted.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Riyadh cuts ties with Tehran after embassy attack
Riyadh : Saudi Arabia's foreign minister announced on Saturday to cut diplomatic ties with Iran and asked all Iranian diplomats to leave within 48 hours, local media reported.
 
Saudi Foreign Minister Adel al-Jubeir said he informed the UN Security Council of the attack on the Saudi diplomatic mission in Iran late Saturday, adding that those Saudi diplomats reached Dubai, the UAE, safely.
 
He accused the Iranian authorities of not taking any measure to prevent the attacks against the embassy in Tehran and the consulate in the Iranian city of Mashhad.
 
On Saturday, angry Iranian protesters stormed the Saudi diplomat mission against the Saudi execution of 47 individuals over terrorism charges, including a Saudi Shia cleric, Namir Al Namir, a member of Saudi Shia community.
 
The attacks were a violation to the international agreements, the minister said, also referring to the Iranians' previous attacks on the US and British embassies.
 
He also accused Iran of providing protection for Al-Qaeda through weapon trafficking.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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