China's Thirst For Wine Fuels Fake Wine Boom

July 31 (Bloomberg) -- A new documentary about China's insatiable taste for fine wine will premiere in Sydney later. "Red Obsession" examines how demand from China's 'nouveaux riches' has sent the price of top French vintages skyrocketing. It also looks at what that means for the famous vineyards that produce the wine. Bloomberg's John Dawson discusses China's wine fascination with the film's director, Warwick Ross. (Source: Bloomberg)

Majid Al Futtaim Buys 'Retail Arabia'
43:22 - Majid Al Futtaim CEO Alain Beijani discusses the company's deals and acquisition plans. He speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)
  • DarkMatter VP Sees Limited Petya Impact in Middle East
  • Why Markets Are Taking Hawkish Central Banks in Stride
  • Moody's Gives AIIB Top Credit Rating