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China's problem isn't the cost of credit--it is the demand for it, say Ajay Rajadhyaksha and Amrut Nashikkar at Barclays Research. Corporate sentiment remains cautious despite a rebound in long-term lending. Corporate borrowing demand is being held back by weak domestic prospects, overcapacity and…
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.