Why the influencer economy deserves its fan club

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A stuntman, a 95-year-old grandmother and a silent comedian have little in common — apart from their self-made wealth. The trio are part of the influencer economy, an ecosystem shared by online content creators, social media platforms, ad agencies and data analytics, which Goldman Sachs has reckoned will be worth just shy of half a trillion dollars by 2027. It is easy to sneer at online content creation: it isn’t…

Morgan Stanley and Goldman dominate Hong Kong equity deals

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Western banks have been the biggest beneficiaries of Hong Kong equity sales this year, shrugging off US-China tensions as dealmaking booms in Asia’s financial hub. Morgan Stanley helped raise $11.6bn in equity offerings in the year to the end of November, according to data compiled by Bloomberg. Goldman Sachs was in second position after raising $7.4bn, followed by Chinese banks Citic and CICC and Switzerland’s UBS. The data includes both…