Epstein Secrets

ddle Pricey Commercial Loans WSJ • Gates Faults Obama Over Afghanistan WSJ • IBM Struggles to Turn Wa

YC and WCC (buy) & cuts UTX, Bernsteain upgrades UNP • DB upgrades HSY/KRFT (buy) & downgrades DF/SJM Europe Key Research: • ABG upgrade ERICB SS, Beren upgrade TEL2B SS, CBK upgrade EVK GY, AMP IM • BofAML downgrade WDH DC, SZG GY, AKE FP, BAS GY, upgrade El FP, Al FP, LIN GY • DB initiate AOI SS,

T • Staying out of Syria is the bolder call for Obama FT • Reform can end loose talk of a Chinese rev

ixis downgrade CPR IM, Equita u/g GEM IM ••• SocGen upgrade LMI LN, add AV! LN, RIO LN, to prem list, Medio downgrade AEF IM • Cant upgrade ADS GY, Beren downgrade SN/ LN, ING downgrade GRONT NA, Nordea upgrade AKER NO • Exane upgrade HFD LN, downgrade BIC FP, JEFF downgrade HWDN LN, TPK LN, GN5 ID R

T Comment • For Asia's newest baby tiger, the hard grind begins FT Comment • It would be folly for Cameron to ape Ukip FT Comment • Lessons for Obama from Bush's wars FT Comment • Muni Bonds Deserve a Tax Break WSJ Opinion • Australia Attracts Chinese Multimillionaires WSJ • U.S. Says China's

LN (b), Exane downgrade STL NO, IMG LN, Numis initiate ESUR LN (add), ulg BET LN ••• SocGen downgrade DEC FP, MAQ upgrade GKP LN, downgrade IFL LN, Beren downgrade TEL NO ▪ RAYJ downgrade ADP FP, Investec upgrade AFR LN, downgrade FPM LN, AOI SS Reporting Pre-Open: DISCA, DTV, EMR, FE, FOSL, HCN, HSI

• BP changes tack by keeping US wind farms FT • IMF warns of €l 1 bn Greek bailout shortfall FT • More bloodshed predicted in Bangladesh FT • Obama defends Larry Summers to Democrats FT EFTA00386464 • 1983 Archive: Papers reveal scheme to close more coal mines FT • Dell's $24bn bid left han

e ANH LN (b), initiate ANH LN (b) ••• UBS upgrade APN SJ, GBF GY, KPN NA, Bern downgrade BARC LN • JP downgrade URKA LI, COLR BB, Barc -Eve ABI BB, Beren initiate VASTN NA (b) ••• MAQ remove ITV from cony buy, downgrade RWE GY, upgrade AF FP ••• HSBC downgrade BNR GY, NXT LN, Citi downgrade DUFN SW,