11. The TV projects in both countries fell victim to unclear lines of governmental authority, an uncertain political environment and constant demands that royalties be sweetened. 12. Pharmaceutical and tobacco stocks, two areas that investors have favored in recent weeks as hedging in the uncertain economic environment, struggled to keep up. 13. But pharmaceutical and tobacco stocks, two areas that investors have favored in recent weeks as hedging in the uncertain economic environment, struggled to keep up. 14. IN A very uncertain environment, any movement of the Indonesian rupiah will have an effect on the ringgit as well as other currencies in the region. 15. The uncertain regional environment, however, makes it important that Citic proceed cautiously, especially with plans to undertake overseas expansion, analysts said. 16. Tobacco and financial issues, areas that investors have favored in recent weeks as hedging in the uncertain economic environment, were strong. 17. But the automaker retained an overall note of caution about the months ahead due to the uncertain global operating environment. |