Shipyards & Oil Services：Sete Brasil rigs down to 13-17?; SBM denies $1.7 bn PBR settlement Developed Markets Steady；Emerging Markets Less So Everbright Spot PCs：1Q15 PC shipments in-line, Notebooks still growing, Lenovo share gains continue Malaysia Airports Holdings Berhad：Near-term pain, medium-term gain Credit Outlook OP higher Y/Y except for FPCC, which drags down NP for rest of group companies, 2015 estimates likely need to come down India Equity Strategy：4Q FY15 Earnings Preview: Realistically Low Expectations Weekly FX Technical Insights IDFC (IDFC IN)：Shareholders approve de-merger of IDFC into IDFC Bank