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☆ 'Really, really cheap': Pros name 4 under-the-radar stocks to play a China turnaround
▼ + stars: | 2024-03-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Declining foreign investment and a prolonged property slump are just some of the issues that have put pressure on the Chinese economy — and stock market. We're still relatively underweight China, but we've been reducing that underweight [as] some of the stocks there have become really, really cheap." China Market Research Group's Shaun Rein agrees. "If you're a multinational, if you're looking to drive growth over the next three to five years, the next China is China. Shares in Fufeng are held in the iShares MSCI China Small-Cap ETF , while Xinyi Glass shares are held in the Franklin FTSE Hong Kong ETF and SPDR S & P China ETF .

Persons: Kamil Dimmich, CNBC's, we've, Shaun Rein, it's, Salomon, Arc'teryx, Dimmich Organizations: Shanghai, South Capital, Research, Amer Sports, New York Stock Exchange, Stock, Fufeng Group, Ford, General Motors, Hong Kong Stock Exchange, Xinyi, Franklin FTSE, Franklin FTSE Hong Kong ETF Locations: China, It's, India, Vietnam, Franklin FTSE Hong

☆ A trio of tech companies announced new dividends. Here's what it means for the sector
▼ + stars: | 2024-03-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Growing, rather than maintaining the dividend, is the next big step for tech companies kicking off these payments. About 85% of analysts rate Meta a buy or a strong buy, but they see less than 4% upside from here, per LSEG, formerly known as Refinitiv. Salesforce's board declared a cash dividend of 40 cents per share, payable on April 11 to stockholders of record as of March 14. In all, about 72% of analysts covering Salesforce say it's a buy or a strong buy, and the average price target suggests about 5% upside from here, per LSEG. Nearly two-thirds of analysts covering the stock deem it a buy or a strong buy, and the average price target implies 12% of upside, according to LSEG.

Persons: Charlie Gaffney, Gaffney, Eaton Vance, there's, Meta, Salesforce's Organizations: Morgan Stanley Investment Management, CNBC, Booking Holdings, Meta, Holdings, Google

☆ China's economy is 'weak, but not that weak' and valuations are too low, strategist says
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economy is 'weak, but not that weak' and valuations are too low, strategist saysShaun Rein, founder and managing director of the China Market Research Group, discusses the outlook for the Chinese economy and its impact on global markets.

Persons: Shaun Rein Organizations: China Market Research Locations: China

☆ The UK is improving productivity through new technologies and industrial digital transformation
▼ + stars: | 2024-03-11 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Following its success, the program has been extended to an additional four English regions with the aim of helping the UK recapture its industrial spirit. In 2017, an independent review board led by Jurgen Maier, then CEO of Siemens UK, made a startling proposal: If UK businesses adopted digital technology at a faster rate, the country's industrial productivity could increase by a remarkable 25%. "Long term, our objective is to boost UK growth and productivity, through increasing innovation and adoption of industrial digital technologies across the whole of manufacturing." "Our ambition is for the UK to be the best place in the world to start and grow a manufacturing business," Clark said. Learn more about how the UK can support your manufacturing business.

Persons: Jurgen Maier, Patrick Mroczak, Adam Hodgkinson, Patrick, Jake Wright, Lusso, Wright, Mackinnon, Saunders, Guillermo del Toro, Oscar, Peter Saunders, We've, Michael Clark, Clark Organizations: Siemens, Nutree, Auto, Netflix, Mackinnon, Manufacturing, UK's Department for Business, Trade, Insider Studios, UK Department for Business Locations: North, England

☆ Why Amtrak is attempting to revive the Texas Central bullet train
▼ + stars: | 2024-03-11 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +5 min

In 2023, Amtrak revived hopes for the bullet train in the Texas Triangle, when it announced its intention to broaden its partnership with Texas Central. The Texas Central project has been repeatedly delayed as its backers navigate various regulatory hurdles, including environmental reviews and disputes over property rights. The proposed alignment for the Texas high-speed rail project crosses Morney-Berry Farm, which Berry's family has cultivated for generations. And in late 2023, Texas Central received a Corridor ID program grant to study the route's potential for partnership with Amtrak. The backers of Texas Central declined repeated requests from CNBC for a comment on the project's progress and expected completion date.

Persons: Andy Byford, Seth Moulton, Brianne Glover, Jody Berry, Berry, Biden, Troy Nehls Organizations: U.S, Texas Central, Amtrak, Fort Worth metroplex, Texas, Dallas, CNBC, University's Transportation Institute, Texas Supreme Court, Reason, U.S ., Japan Bank, International Cooperation, Speed Rail Authority Locations: Texas, Dallas, Houston, U.S, It's, Berry, Japan, California, Los Angeles, San Francisco

☆ Facebook has 'massive economic value,' says Jefferies' lead tech analyst Brent Thill
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFacebook has 'massive economic value,' says Jefferies' lead tech analyst Brent ThillBrent Thill, Jefferies managing director & tech sector leader, joins 'Fast Money' to talk President Trump's comments calling Facebook the 'enemy of the people' and what risk that presents to Meta as a company.

Persons: Jefferies, Brent Thill Brent Thill, Trump's Organizations: Facebook, Meta

☆ A photo editor says it's 'astonishing' Kensington Palace released the recent image of Kate Middleton
▼ + stars: | 2024-03-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Kensington Palace released the image of Middleton and her children — Prince George, Princess Charlotte, and Prince Louis — on Sunday, writing that the photo was taken by Price William. Kensington Palace previously announced that Middleton underwent a planned abdominal surgery in January. AdvertisementOne photo editor who dissected the image told Business Insider he was surprised the photo was released in the first place. "It's astonishing that Kensington Palace released it, and even more bewildering that the wires distributed it," said Patrick Witty. Kensington Palace did not immediately respond to a request for comment from Business Insider.

Persons: —, Kate Middleton, Middleton, — Prince George , Princess Charlotte, Prince Louis —, Price William, Patrick, Vivek Prakash, Prakash Organizations: Service, Palace, Business, The New York Times, Geographic, Google, Reuters, Agence France, Presse, Associated Press, Getty Images Locations: Kensington

☆ Kensington Palace's reputation is in tatters. This is what it should do to save it.
▼ + stars: | 2024-03-11 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewKensington Palace is floundering — but there are two key ways its reputation can be mended, according to royal commentators and PR experts. Kate Middleton has been absent from the public eye since January, when the palace said she underwent abdominal surgery. In a rare personal message posted to Kensington Palace's X account on Monday, Kate said: "Like many amateur photographers, I do occasionally experiment with editing." Kensington Palace's reputation matters more than ever, especially as the monarchy's value has come into question after Queen Elizabeth II's death.

Persons: —, Kate Middleton, Kate, Prince William, Karwai Tang, Wales, Evan Nierman, Banyan, Queen Elizabeth II's, Sovereign Grant, William's, William, Queen Camilla, Jack Royston, Samir Hussein, Chris, Tenile Clarke, Clarke Organizations: Service, Business, Kensington Palace, Sovereign, Brand Finance, Commonwealth, ITV, Ship, Chambers Media Solutions Locations: Kensington, Republic, Wales

☆ The technical and fundamental takes on Magnificent 7 stocks
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe technical and fundamental takes on Magnificent 7 stocksCraig Johnson, Chief Market Technician at Piper Sandler, and Sarah Kunst, Managing Director at Cleo Capital, discuss the outlook for mega-cap tech stocks.

Persons: Craig Johnson, Piper Sandler, Sarah Kunst, Capital

☆ Google confirmed it 'terminated' an employee who staged a protest against Israel at a tech event
▼ + stars: | 2024-03-09 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Google engineer who publicly protested a talk by the head of Google Israel is now out of a job. Google did not immediately return Business a request for comment from Business Insider on Saturday. Google workers have previously voiced their concerns over fears that Israel could use the contract to support its military. Google workers also flooded the company's employee message board with comments about Project Nimbus on Thursday, CNBC reported.

Persons: —, Barak Regev, Regev, Ariel Koren, Sundar Pichai, Axel Springer Organizations: Service, Google, Business, CNBC, Tech, Nimbus, YouTube, Austin City Council Locations: New York City, Israel, Google's, York

☆ Google fires employee who protested Israel tech event, as internal dissent mounts
▼ + stars: | 2024-03-08 | by ( Jennifer Elias | ) www.cnbc.com time to read: +6 min

Ahead of an International Women's Day Summit in Silicon Valley on Thursday, Google's employee message board was hit with an influx of staffer comments about the company's military contracts with Israel. The event on Monday in New York featured an address from Barak Regev, managing director of Google Israel. A Google spokesperson said the employee was fired for "interfering with an official company-sponsored event" in an email to CNBC on Thursday. Unfortunately, before the event a series of off-topic and divisive questions and comments were posted to internal forums. WATCH: Google vs. Google

Persons: “, Sundar Pichai, Barak Regev, Regev, Boycotters, Dory, Gemini, Mai Ubeid, Ubeid, didn't Organizations: Google, CNBC, Israel, Defense Department, Amazon Web Services, Hamas, Palestinian enclave's Health Ministry, Tech, Google Israel, Starbucks, Workers United Locations: New York, Israel, Gaza, Silicon Valley, U.S, France

HONOLULU (AP) — Local officials in Hawaii next month plan to open an office that will speed up Maui County's notoriously slow processing of building permits to help the town of Lahaina to recover from last year's deadly wildfire. The new permitting center will help private developers building five separate projects with a combined total of more than 500 housing units. The Federal Emergency Management Agency is building 169 temporary housing units for displaced residents and is renting 1,300 units from landlords. The state of Hawaii is building about 450 temporary housing units, including 270 that will be ready by July or August. The state's temporary units are expected to be used for three to five years.

Persons: Keanu Lau Hee, Lau Hee, “, ” Organizations: —, Maui, University of Hawaii, Federal Emergency Management Agency Locations: HONOLULU, Hawaii, Lahaina, we’re, Maui County

☆ Aldi plans to open 800 new locations in the next five years
▼ + stars: | 2024-03-07 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

Some of the 800 new locations will be store conversions from its now-complete acquisition of Winn-Dixie and Harveys Supermarkets, with a “significant number” of those locations — largely located in the Southeast — ditching their respective names and being remodeled into an Aldi. Approximately 50 stores will be converted later this year, with a majority of those reopening under the Aldi name in 2025. However, the Winn-Dixie and Harveys Supermarkets names won’t completely disappear: Aldi said that a “meaningful amount” of locations will retain that branding. Aldi’s newest plan brings its store count to nearly 3,000 US locations, a notable expansion but still trailing against its rivals. If their merger is approved, Kroger and Albertson’s will have about 4,500 locations and Walmart, the nation’s largest grocer, has nearly 5,000.

Persons: Aldi, Winn, Neil Saunders, Saunders, ” Saunders, Albertson’s Organizations: New, New York CNN, Winn, Dixie, Harveys, Aldi, GlobalData, Kroger, Walmart Locations: New York, Northeast, Midwest, West, Southern California, Phoenix, Las Vegas

☆ Analysts love these value stocks, giving 4 more than 30% upside
▼ + stars: | 2024-03-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Growth stocks have often been investor darlings — the S & P 500 is driven by stocks in sectors like tech. Value stocks are less popular. But many growth stocks are also becoming expensive, prompting some investors to turn to value stocks. Goldman Sachs also recently highlighted value stocks that stand out for their cheap valuations compared with earnings growth prospects. Those interested in value stocks can consider the following from CNBC Pro's screen of the Vanguard Value ETF.

Persons: darlings, Brian Szytel, Szytel, Goldman Sachs, Baker Hughes, Properties Organizations: Group, CNBC, Vanguard, AES Corporation, Halliburton Company, AES, Royalty Pharma

Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. While generative AI has grown at lightning speed, nuclear power projects are heavily regulated and usually advance at a plodding pace. That's raising questions about whether advances in nuclear energy can cut emissions as swiftly as energy-guzzling AI and other fast-growing technologies are adding to them. The nuclear power industry hasn't meaningfully expanded its share of the U.S. energy mix for decades. By one estimate, up to 800 gigawatts of new nuclear power will be needed by 2050 to meet current green energy targets.

Persons: Sarah Myers West, Myers, Sam Altman, OpenAI, Altman, Jacob DeWitte, Oklo, hadn't, You've, DeWitte, Oklo's Organizations: Silicon, CNBC, Helion Energy, Microsoft, federal Nuclear Regulatory Commission, Air Force, NRC, Idaho National Laboratory, Energy Department, Pew Research Locations: Idaho, Ohio, United States, Alaska, U.S, Ukraine, Fukushima, Japan

☆ Premarket: Investors are obsessed with this AI stock you may never have heard of
▼ + stars: | 2024-03-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Nvidia isn’t the only stock capturing the attention of AI enthusiasts these days. Nvidia closed above a $2 trillion market cap on March 1, joining an elite cohort including Apple and Microsoft. Supermicro’s stock gained even more momentum in January, after the company reported second-quarter results that blew past expectations and raised its full-year revenue forecast. Supermicro’s stock was one of the most popular names bought by Charles Schwab clients in February, according to the firm’s latest trading activity index. New York Community Bank gets $1 billion ‘lifeline’Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment, reports my colleague Elisabeth Buchwald.

Persons: Charles Schwab, ChatGPT, “, ”, Supermicro, Wells Fargo, Goldman Sachs, Elisabeth Buchwald, Steven Mnuchin’s, NYCB, ” David Chiaverini, Joseph Otting, Alessandro DiNello, DiNello, Read, Jeremy Hunt, Hanna Ziady, Hunt, ” Hunt, Rishi Sunak’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Apple, Microsoft, Micro, Devices, Federal Reserve, Victoria Bills, Banrion Capital Management, Bank of America, Goldman, New York Community Bank, New, Community Bank, Liberty Strategic Capital, Citadel Global, Street Journal, Wedbush Securities, CNN, Bank of England, International Monetary Fund, Hunt’s Conservative Party, Labour Party Locations: New York, San Jose, United States, Hudson Bay, NYCB

☆ Bike lanes are good for business
▼ + stars: | 2024-03-07 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

Freaked-out business owners have been fighting bike lanes coast to coast, in cities from San Diego to Cambridge, Massachusetts. Rowe compared sales taxes in these “Neighborhood Business Districts” with those in similar districts in the city that didn’t get bike lanes. In one NBD, which replaced car lanes and three parking spots with two bike lanes, sales closely tracked those in the bike-less areas, both in peaks and troughs. Sometimes nothing changed, but more often the areas near bike lanes wound up with more employees and more revenue. It’s the new normal.” All the data in the world may prove that bike lanes are good for business.

Persons: —, ”, Joseph Poirier, Nelson Nygaard, “, It’s, I’ve, Kyle Rowe, Rowe, it’s, Poirer, Jenny Liu, Wei Shi, Liu, Poirier, Shi, ” Liu, downtowns, who’s, Larisa Ortiz, ” Poirier, Adam Rogers Organizations: —, University of Washington, New York City Department of Transportation, ”, San, Portland State University, Center for Urban Studies, Portland State, Boston Globe, Automobile, Getty, Business Locations: San Diego, Cambridge , Massachusetts, Los Angeles, Seattle, New York, Brooklyn, Manhattan, Bronx, ”, San Francisco, there’s, Oregon, Portland, San Francisco , Minneapolis, Memphis, Minneapolis, America’s, downtowns, United States, Chicago ; New York City, Angeles

☆ Lackluster open expected for European markets ahead of ECB rate decision
▼ + stars: | 2024-03-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Many growth stocks are becoming expensive, prompting some investors to turn to value stocks. "The S&P 500 at 5,075 with expected earnings growth of 10% for 2024 gives us $243 a share and puts us at 21X earnings - its pricey, plain, and simple," said Brian Szytel, senior managing director of The Bahnsen Group, in late February. The S&P 500 closed around 5,078 on Tuesday. "I would however, own parts of the market shift to more value-oriented names and believe that rotation that started in 2022 from growth to value will resume. Those interested in value stocks can consider the following from CNBC Pro's screen of the Vanguard Value ETF.

Persons: Brian Szytel, Weizhen Tan Organizations: CNBC, Vanguard

☆ China just pulled the country version of a company canceling its quarterly earnings call
▼ + stars: | 2024-03-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China has canceled a closely watched annual press conference with Premier Li Qiang. Experts suggest the move indicates Xi Jinping is attempting to control the narrative regarding China's economic health. After all, investors are looking to the event for cues on China's economy, which has been struggling to stage a convincing post-pandemic recovery. AdvertisementInstead of a sustained post-COVID boom, China's economy is beset with major problems including a property crisis , deflationary pressure , and a demographic crisis . But some experts say the cancellation is a sign that Chinese leader Xi Jinping doesn't want anyone questioning his regime.

Persons: Premier Li Qiang, Jinping, —, Lou Qinjian, Rick Waters, Waters, Li, Lou, Xi Jinping, Xi, Jonathan Ward, Tom Porter Organizations: Premier, Service, National People's, Eurasia Group, GZERO Media, Hudson Institute Locations: China, Beijing

☆ The iPhone needs a revamp, and its sagging performance in China is proof
▼ + stars: | 2024-03-06 | by ( Hasan Chowdhury | Lina Batarags | ) www.businessinsider.com time to read: +6 min

Read previewThe last thing Tim Cook needs this year is for the iPhone to give him a headache. Unfortunately for Apple, that task could be complicated as signs emerge that its workhorse gadget needs a revamp. In its most recent quarter, Apple generated almost $70 billion of its $119.6 billion total revenue from iPhone sales. China, Apple's most important international market, has started to sour on iPhones, bucking a trend of growth in other regions. Apple's AI efforts, led by ex-Googler and senior vice president John Giannandrea, could introduce several AI features to iPhones that offer an edge over Chinese competitors.

Persons: —, Tim Cook, Cook, Steve Jobs, Paul Sakuma, Will Wong, Wong, Wang Gang, Gene Munster, Munster, Dan Ives, John Giannandrea, Siri, Jobs Organizations: Service, Apple, Vision, Business, Macworld, Counterpoint Research, Vivo, Huawei, Wall Street Journal, IDC's, Devices, Research, Asset Management Locations: Cupertino, China, Greater China, Beijing, Singapore, IDC's Asia

☆ Generative AI is the talk of the town, but businesses are still not ready for it, survey shows
▼ + stars: | 2024-03-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

"There is a misconception about how easy it is to run mature, enterprise-ready, generative AI," said Stela Solar, Inaugural Director at Australia's National Artificial Intelligence Centre in the survey report. Meanwhile, 56% of the respondents said their IT investment budgets, in general, were a limiting factor in rolling out generative AI. Other barriers to generative AI adoption according to the survey respondents included the lack of relevant generative AI skills. Disruptors versus the disruptedStill, the survey reflected overall positive sentiments about the future role of generative AI in business. While six of 10 respondents expect generative AI to substantially disrupt their industry in the next five years, 78% see it as a competitive opportunity.

Persons: skilling, Chris Levanes, Laurence Liew, Geraldine Kor Organizations: Istock, MIT Technology, Telstra, Artificial Intelligence, South, MIT, Singapore, Telstra International Locations: Australia, South Asia, Singapore

☆ Companies are required to disclose their climate impact, SEC says
▼ + stars: | 2024-03-06 | by ( Allie Kelly | Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Under the disclosure, public companies will have to release their greenhouse gas emissions, environmental risk impacts, and risk management strategies. Climate disclosure will create a standardized way for companies to report environmental impactPreviously, companies only disclosed their climate impact information on a voluntary basis. Bryan McGannon, managing director of the nonprofit sustainable investment forum US SIF, said the climate disclosure is "a really good first step" toward increasing transparency. The SEC might also be facing litigation from corporate America, which hopes to challenge the new climate disclosure in court, McGannon said. Some companies might be concerned about the potentially high costs of gathering data and complying with the disclosure, SEC officials said.

Persons: Gary Gensler, Steven Rothstein, Rothstein, Bryan McGannon, McGannon, Gavin Newsom Organizations: Service, US Securities and Exchange Commission, Business, Economic, SEC, BI, Ceres Accelerator, Sustainable Capital, US, CNBC, Clean Energy, Jobs Locations: America, California, Michigan

☆ Why a warehouse giant is planning a $25 billion push into data centers
▼ + stars: | 2024-03-06 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

He will fill the newly created role of global head of data centers at the firm. Prologis's push exemplifies the growing interest among investors in data center deals, including players who have not traditionally been involved in the highly specialized industry. Warehouses have squat footprints similar to data centers and are often located in industrial areas that have proximity to the heavy electrical lines and equipment necessary to deliver voluminous power that data centers require. Warehouse growth slows as data centers accelerateDemand for data centers has steadily grown over the past decade, driven by the widespread use of cloud computing and storage across corporate America. Blackstone, for instance, has said it plans to develop as much as $50 billion of data centers in the coming years.

Persons: Chris Curtis, Curtis, Michael Hochanadel, Hochanadel, Harrison, They're, Joseph Ghazal, Ghazal, Hamid Moghadam, JLL, Morgan Stanley, Blackstone, Vince Tibone, Tibone, Prologis's, Ron Kamdem, Moghadam, Carl Beardsley, Beardsley, Chris Crosby, Prince William County, Prologis Organizations: Business, Harrison, Green, Amazon, Google, Microsoft, Brookfield, Blackstone, Compass Locations: San Francisco, Dallas, America, Brookfield, Canadian, Prince William, Virginia

☆ Meet Neema Raphael, the data whiz overseeing Goldman Sachs' army of engineers and scientists key to the bank's AI ambitions
▼ + stars: | 2024-03-06 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

We always use this code: garbage in, garbage out," Raphael, chief data officer and Goldman partner, told Business Insider. As Goldman goes all-in on AI, Raphael is emerging as a key player impacting the bank's future. How Raphael's data platform team is leading the way for AI innovation at GoldmanEven though Raphael's day can vary greatly, it always starts the same. AdvertisementOne is the data platform team, which oversees the entire data stack, including infrastructure and how people access data. For Goldman, AI is not new.

Persons: Goldman Sachs, Raphael, Goldman, It's, SecDB, That's Organizations: Service, Business, Goldman, JPMorgan, UC Berkeley, Engineering SWAT, Curation

☆ Debate heats up as Singapore prime minister says exclusive Taylor Swift deal isn't 'unfriendly'
▼ + stars: | 2024-03-05 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +4 min

Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. The statement is the first confirmation from the city-state that the agreement for Swift to perform in Singapore contained exclusivity terms preventing her from performing in other countries. He also did not reveal the size of the grant to Swift, but stated the amount is "not anywhere as high as speculated." During her first three concerts in Singapore, Swift asked her audience to applaud — first the locals, then those who had traveled from overseas to come to the show. Edwin Tong Singapore Minister for Culture, Community and YouthSome liken the deal to how cities vie to host major sports events, such as the Olympics, the Super Bowl and the World Cup.

Persons: Lee Hsien Loong, Taylor Swift, Swift, Edwin Tong, Srettha Thavisin, Joey Salceda, Lee, Ashok Kumar, —, Selena Oh, de Boer, Irene Hoe, — haven't Organizations: Singapore, Reuters, Thai, Swift's, Philippine, Getty, Edwin Tong Singapore Minister, Culture ,, Super Bowl Locations: Singapore, Southeast Asia, Melbourne, Bangkok, ASEAN, Tokyo, Asia, Malaysia, Thailand, Indonesia, Asia — Tokyo, Shanghai, Hong Kong, Philippines, Cambodia, what's, Edwin Tong Singapore

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