Hermes Raises Sales Goal on China Demand for Luxury

Hermes International SCA, the French maker of silk scarves and leather goods, raised this year’s sales-growth target after first-half earnings beat estimates on Asian demand for luxury products.
China a 'Command Economy,' Not Market Economy: Every
15:14 - Michael Every, head of financial markets research at Rabobank Group in Hong Kong, talks about China's stocks, policies and economy. China’s Shanghai Composite Index fell to a three-month low on concern a raft of measures to stabilize equities is failing to stop the bear-market rout as traders unwind margin bets at a record pace. Every speaks with Angie Lau on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
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