Libya and Iraq: Trouble on two fronts Daily prices & news: LME decides on warehousing rules; gives no details New report：Unique Asian funds management exposure 3Q13 exceeds expectations mainly on inventory gain A quality laggard Initiation: materially different Slow bottom line growth could disappoint the market 3Q13 results in-line on disciplined 3Q NP above expectation; FCF breakeven 3Q13 earnings in-line but 4Q13E guidance is a negative surprise