SHIBOR

Over the weekend and early Monday, services PMIs for major economies around the world were released. China's services data relaxed fears of a hard landing for the economy while the British sector showed strong growth in July while Germany disappointed. The ISM Services Index in the U.S. also...

China's manufacturing sector showed signs of slowing again in June as two key measures of manufacturing output fell to four- and nine-month lows respectively in the country that accounted for nearly 38 percent of world GDP growth and 21.8 percent of emerging market growth in 2012. Manufacturing...

Markets tumbled overnight on fears that China's slowdown will produce the much dreaded hard landing as economists at Goldman Sachs cut the growth forecasts for the emerging market economy. Chinese shares fell over 5 percent while copper tumbled to a new 2013 low on global growth fears. Slowing...

SHIBOR has now become a commonplace phrase among investors. The acronym for the Shanghai Interbank Offered Rate, the equivalent of Libor for Chinese banks or the rate at which banks will lend to each other, has risen sharply over the past week and poses a severe threat to the economy. However, the...

Futures Rise On Quadruple Witching U.S. equity futures gained in early pre-market trade Friday after Thursday's sell off as Chinese lending rates eased. The overnight SHIBOR rate fell to 7.9 percent from 12.8 percent and the seven day repo rate fell 8.1 percent from 11.6 percent Thursday. Top...

With the world's second-largest flirting with a possible banking crisis, it is not surprising to see investors dumping China ETFs. This is far from a one-day phenomenon, however. Actually, it has been happening all year. The iShares FTSE China 25 Index Fund (NYSE: FXI), the largest and most...

SHIBOR is now the acronym of the week. The Chinese equivalent of the London Interbank Offered Rate (LIBOR) spiked overnight, roiling global financial markets in the process. At one point, overnight SHIBOR surged almost 580 basis points from yesterday's levels to 13.4 percent and one-week SHIBOR...

China's economy looks set to continue to slow to growth rates not seen in decades this year as the manufacturing sector continues to contract and the government refuses to help the struggling financial sector. Overnight, lending rates rose above 10 percent Thursday in a sign that the entire...

Futures Drop On China Growth Fears, Dollar Gains U.S. equity futures declined in early pre-market trade following a weak initial reading of manufacturing in China. The Flash HSBC Manufacturing PMI for June declined to 48.3 from 49.2 in May, with every internal figure showing negative signs for the...