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or debt crisis Korean Won reverses loss after intervention signal (currency closed +1.1% after being -1.4%) Spread b/w Chinese RMB deliverable in HK & mainland spot blows out to record wides (2.4% discount) Singapore inflation unexpectedly accelerated to fastest pace since 2008 (CPI +5.7% vs est
nce Ends Bloomberg< a.html> No Sign of Recession With Rail Shipments Showing Growth Trend Bloomberg< shipments-showing-trend-to-expansion.html> Shell targets North American `tight oil' Bulk offers miners some relief FT< 11e0-8e99-00144feabdc0.html4axzzlYaPUBPP3> New HP boss may face hostile Orac
ange and regaled by the Funnel Conduct Authority for the conduct of tweet/rem Ohara° h the UK and ••ahaff dad by the fief ,n Lh• ,epon ro demoted in Kong Kong by Deutahe BIM AG. hang Yang Brand", in Korea be Ponds Staines Komi Co the ficatet a diarthalld an &noun by Deutsche Brink Snooper* Berth or Dosed
Hunter n South Altos 10080:0290.101 Adchanl ,fformai on MPveto Pawnee, other hfilfhtal pedal. Of eapialra Chof salad et the reptaft ereleble upon (Shell The 'WOO may not be nip( °CVO.). dalmbina Or publenal by any anon for an purpose velheat De.odo San'. Sarah when constre Plena cite source when wary
eversals where projected dividend yield is highest relative to the CDS spread. We note that: « Royal Dutch Shell’s stock yield is attractive vs CDS: Shell’s projected 12m div yield is 7.5% while its CDS is 52bps (0.5%), resulting in a div yield-CDS spread of 7.0%, the highest in our screen; this suggest
Page: HOUSE_OVERSIGHT_023589 →over- year in May due to successful strategies during the Golden Week and Mother’s Day holidays. After the NKY, last week’s second biggest gainer was Hong Kong’s HSI, which added 1.1%. The leading name in the index was Geely Automobile Holdings (175 Hk), which jumped 19.8% week-over-week in response to optimis
Page: HOUSE_OVERSIGHT_023593 →Entities connected to both Hong Kong and Shell

Jeffrey Epstein
PERSON
United States
LOCATION
Donald Trump
PERSON
Prince Andrew
PERSON
George W. Bush
PERSON
Barack Obama
PERSON
Marc Rich
PERSON
Bloomberg L.P.
ORGANIZATIONLeon Black
PERSON
Stephen Hawking
PERSON
Joe Biden
PERSON
Department of Justice
ORGANIZATION
George Mitchell
PERSON
New York
LOCATION
Samantha Power
PERSON
Prince Charles
PERSON
Virginia Giuffre
PERSON
Julie K. Brown
PERSON
Bill Clinton
PERSON
Michigan
LOCATION