The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
One area where that trend is particular noticeable: Chinese investment in Australia's agricultural sector went from $300 million to more than $1 billion over the past year.
Part of what's driving that trend is Chinese investors looking to Australia as fertile ground to produce goods that they'll sell back in China. There's heavy demand from China's booming middle class for Australian-produced fruits, meats, wine, dairy and minerals.
In fact, those shoppers have grown to trust "Made in Australia" on the whole. After outbreaks in China from tainted infant formula, Australian-produced formula has been a market winner for Chinese consumers.
Home prices in Sydney are up 98 percent since the global financial crisis, and in Melbourne they're up 84 percent, according CoreLogic, a data, information, analytics and services provider in Australia.
Concurrent with rising prices is increased Chinese activity in the market. Last year, was the biggest year for Chinese investment in Australian residential real estate, according to Juwai.com, an international property website.
In New South Wales, the Australian state in which Sydney is located, foreign buyers (87 percent of whom were Chinese) acquired a quarter of new property supply, according to a recent report by Credit Suisse.
Governments are working to slow the movement of Chinese money into Australian assets.
Australia has lowered incentives for foreign buyers, and the state of New South Wales doubled taxes on foreign buyers to 8 percent of the purchase price. For its part, China's government has recently implemented restrictions on the outflow of cash from the mainland.
"China's capital controls have worked," Jane Lu, head of Australia for Juwai said. "Look at China's huge foreign reserves, at the strong yuan, and at the reduced the flow of money out of the country. "
In 2017, Juwai is seeing an average Chinese property buying inquiry price of about $350,000 in Australia, according to Lu. That's about $40,000 lower than last year, she said.
Yet, according to Credit Suisse, demand is still high and not expected to slow. One of the reasons is China's increasingly wealthy population.
In 2011, the combined wealth of all of China's millionaires was nearly equal to the value of Australia's total housing stock. Today, however, China's wealthy are worth twice as much as the housing stock.
Credit Suisse forecasts combined wealth of the China's elite will continue to grow at a faster pace.