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)

The World Is Not Levered to the New China: UBS
36:14 - Bhanu Baweja, global head of emerging market cross asset strategy at UBS, discusses the 25th anniversary of the Shanghai Stock Exchange and the outlook for China's economy and emerging markets. He speaks to Bloomberg's Anna Edwards and Guy Johnson on "Countdown." (Source: Bloomberg)
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