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NEW YORK Alejandro Gomez Argentina Jersey , Jan. 15 (Xinhua) -- U.S. stocks slumped amid downbeat data Friday, with the Dow Jones Industrial Index below the psychologically key 16,000 level, as a heavy sell-off in Asian and European markets and a plunge in oil prices rattled nervous investors.

The Dow tumbled 390.97 points, or 2.39 percent, to 15,988.08. The S&P 500 slid 41.55 points Agustin Marchesin Argentina Jersey , or 2.16 percent, to 1,880.29. The Nasdaq Composite Index shed 126.59 points, or 2.74 percent, to 4,488.42.

Chinese shares sank Friday, with the benchmark Shanghai Composite Index going below 2 Argentina World Cup Jersey ,900 points during afternoon trading. At close, the Shanghai index decreased 3.55 percent to 2,900.97 points.

European equities also ended sharply lower, with French benchmark index CAC 40 falling 2.38 percent, weighed by deep losses in Asian stocks and sharp declines in commodities prices.

Adding to the pessimism in the market, oil prices plunged further Friday, with both the U.S. oil and the Brent crude dropping over 5 percent to settle below 30 U.S. dollars a barrel for the first time in 12 years.

The West Texas Intermediate for February delivery slipped 1.78 U.S. dollars to settle at 29.42 dollars a barrel on the New York Mercantile Exchange Argentina Soccer Jersey , while Brent crude for February delivery decreased 2.09 dollars to close at 28.94 dollars a barrel on the London ICE Futures Exchange.

The U.S. economic data also came out negative. The Commerce Department announced Friday that advance estimates of retail and food services sales for December decreased 0.1 percent from the previous month to 448.1 billion dollars, missing market expectations.

The Producer Price Index for final demand decreased 0.2 percent in December after seasonal adjustment, the Labor Department said Friday.

The U.S. industrial production declined 0.4 percent in December, primarily as a result of cutbacks in utilities and mining, according to the Federal Reserve Friday.

"The economy was flat-out weak at the end of last year, and January's financial market chaos does not bode well for a Q1 rebound," said Chris Low Sergio Romero World Cup Jersey , chief economist at FTN Financial, in a note.

For the week, all three major indices saw big losses, with the Dow, the S&P 500 and the Nasdaq going down 2.2 percent, 2.2 percent and 3.3 percent, respectively.

The CBOE Volatility Index Sergio Aguero World Cup Jersey , often referred to as Wall Street's fear gauge, rose 12.82 percent to end at 27.02 Friday.

In other markets, the U.S. dollar traded mixed against other currencies Friday as investors digested a batch of downbeat economic reports.

In late New York trading, the euro moved up to 1.0921 dollars from 1.0860 dollars in the previous session. The dollar bought 116.98 Japanese yen, lower than 118.15 yen of the previous session.

Gold futures on the COMEX division of the New York Mercantile Exchange rose Friday as the U.S. equities showed weakness.

The most active gold contract for February delivery went up 17.1 dollars, or 1.59 percent, to settle at 1 Paulo Dybala World Cup Jersey ,090.70 dollars per ounce.

BRUSSELS, Oct. 9 (Xinhua) -- The European Commission announced in a press release on Friday that it adopted an implementing act that lays out specifications for the new combined health warnings on packages of tobacco products for smoking.

These specifications were required under the Tobacco Products Directive (201440EU), said the European Commission.

As stipulated in the Directive, the new health warnings will comprise a color photograph, a text warning on the harmful effects of smoking and smoking cessation information, which should collectively cover 65 percent of the front and back of packages.

"The implementing decision adopted today provides for technical specifications for the layout, design and shape of the combined health warnings taking into account different packet shapes Nicolas Otamendi World Cup Jersey ," said the European Commission.

These new health warnings will appear on packages across the European Union (EU) from May 2016.

NEW DELHI, Oct. 29 (Xinhua) -- India Thursday said that it is honored to be a development partner of Africa and pledged to work for a prosperous and united Africa, saying it will help connect the continent from one end to the other and build infrastructure there.

"India is honored to be a development partner of Africa. We will raise the level of our support for your vision of a prosperous integrated and united Africa. We will help connect Africa from Cairo to Capetown, from Marrakesh to Mombasa," Indian Prime Minister Narendra Modi said.

Addressing the visiting African heads of state and government at the Third India-Africa Summit meeting in the national capital, Modi said India will help the continent develop infrastructure, power Nahuel Guzman World Cup Jersey , irrigation and set up information technology parks.

"Development of human capital in every walk of life will be at heart of our partnership. We will open our doors more, we will continue to build institutions in Africa," he said.

Stressing the importance of technology, Modi said: "Technology will be a strong foundation of India-Africa partnership. We will work to reduce digital divide within Africa and between Africa and the rest of the world."

He added "We will also deepen India-Africa partnership on clean energy, sustainable habitats, public transport and climate resilient agriculture. It will help develop Africa's agricultural infrastructure. Agriculture in Africa can support global food security."

Earlier, Modi hailed the summit Mauro Icardi World Cup Jersey , saying the meeting of India and African nations has brought one third of humanity under one roof.

"The heart beat of 1.25 billion Indians and 1.25 billion Africans are in rhythm. It is not just a meeting of India and Africa. Today, the dreams of one-third of humanity have come together under one roof. We have spoken in one voice in the world and formed a partnership of prosperity," he said.

Some 54 African nations are participating in the four-day summit, which is be. Wholesale Jerseys Wholesale Jerseys China Wholesale Jerseys China Cheap NHL Jerseys Cheap Jerseys From China Cheap Jerseys Free Shipping Cheap Jerseys Free Shipping Wholesale Jerseys From China Wholesale Soccer Jerseys Wholesale Hockey Jerseys

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