France and Italy: The qualitative (reforms, confidence, labour market rules, etc.) is prevailing over the quantitative (demand, Khon Kaen Sugar Industry 4QFY15 profit seen down 40% y‐y Ladprao General Hospital Minor International Japan Research Pack What does the ECB seek to obtain when it announces monetary expansion that it knows it will not be able to implement? After the storm comes a rainbow What strategy for France if the world becomes a domestic service economy? Singapore Morning Note