5. One fifth of the rich in the 500 list are from the information technology industry, and capital players are fading away from the list.
1. Ms Xie estimates that around 40 per cent of the decline in November — about $35bn — is attributable to valuation effects related to the weakening of the euro and other currencies against the dollar in November, rather than outflows.
2. Chinese Premier Li Keqiang said the economy performed better than forecast in 2017 and expects annual gross domestic product growth of around 6.9 per cent, according to state media.
3. Manufacturing has held up better, with profits growing 6.5 per cent, while profits from utilities such as electricity, heat and water grew 17 per cent, boosted by lower energy prices.
the truly embarrassing press conference from Vlade Divac, the leaks of Vivek Ranadive's lust for Buddy Hield, and the failure to sell off a host of spare veteran roster parts that theoretically could have been turned into picks.
“Where ETFs have grown — in the US and Europe — there is a big ecosystem of financial advisers,” he says. “You need a more advisory model. But until you see people paying for advice rather than paying for commissions, it is hard to see when it will take off.”