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NEW YORK (AP) - Wall Street ended an erratic session essentially flat Monday as investors grew anxious about upcoming first-quarter earnings and the possibility that interest rates will not be declining anytime soon. A $2 (euro1.50) drop in oil prices lent support to the major indexes.
SWEEPING incentives, liberalisation and administrative measures announced in recent weeks emphasised the Government's commitment to develop the southern region, woo foreign investment, spur the property market, revamp Government-linked companies (GLCs) and address the country's brain drain issues.
There are strong signals of an interest rate cut by Bank Negara soon, said AmInvestment Management Sdn Bhd chief investment officer, (fixed income and derivatives and structured products) Yvonne Phe.
Developer Cheung Kong (Holdings) reported a 29% jump in 2006 net profit, in line with forecasts, thanks to high-margin property projects and stronger earnings at associate firm Hutchison Whampoa Ltd.