1H14 Results: In-line results with asset quality better than expected Downgrade to UW(V): Challenges emerge Asia Technology：Implications of the new iPhones and Apple Watch launch Coal intervention likely to have limited impact on IPPs N: More competition in gDacogen and gCopaxone Purchase tax exemption to boost new energy vehicle sales in China Too much light The Quarterly Services Survey may point to even more Q2 GDP Revisiting risk-reward beyond short-term volatility Upgrading: the place to go for better ADT