Signs of recovery emerging, incorporating Tower co.impact to PT Today At A Glance International orders down sharply; Potential for another loss making year? Implications after TSMC's weak guidance Negative power demand growth in March, more power reforms and approval of new nuclear technology India: why the March trade-deficit surge is not as bad as it looks Downgrade to UW - 1Q15 SSS Declining 16%; Risk that FY15 Will Be Loss-Making 1Q15 Update - Sequentially Weaker Operational Update Pricing down 10-30%; further challenges from 2Q Top Stories