Red:HSBC reported an unexpected loss in 4Q15 Upside from lithium and stable free cash flow for dividend Consumer & Media Daily Upgrade to Hold: Muddling through but past the worst AVIC's global ambition - key highlights from Singapore Air Show Emerging Markets FX Roadmap:Hope versus reality China to standardize land reserve management for local governments Beneficiary of government's continous destocking efforts Singapore Rigbuilders:Petrobras proposes to cut back rig program Decent 2016 outlook despite a weak 2015 results