World's Most Prized Animal (Have You Seen One?)

Nov. 4 (Bloomberg) –- Move over, cashmere: vicuña hair is softer, rarer, and more expensive. The vicuña is a llama-like animal native to the mountains of Argentina and Peru; coats and scarves made from its exceptionally soft, fine hair sell for thousands of dollars. Cashing in on this highly coveted material is Italian textile firm Loro Piana, which was recently acquired by LVMH for more than $2.5 billion. Here's a look at why these global companies are so interested in the vicuña - the world's most luxurious animal. (Source: Bloomberg)
Australia May Cut Rates in Six to 12 Months: Boubouras
15:19 - George Boubouras, chief investment officer of Contango Asset Management Ltd., talks about Reserve Bank of Australia's policy and the nation's economy. Boubouras also discusses the latest figures showing factory contraction in China. He speaks with Rishaad Salamat on Bloomberg Television's "Trending Business." (Source: Bloomberg)
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