The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
The U.S. Federal Reserve is not likely to make a decision on hiking interest rates until the fall, as it is still concerned about the labor market and the strength of the dollar, according to David Rubenstein, co-founder of The Carlyle Group.
Rubenstein, whose firm Carlyle has more than $185 billion under management, said that while most central banks want to make sure they have a strong currency, the dollar is currently stronger than the U.S. government would like, and a rate hike could strengthen it further.
Read MoreWill Yellen set the dollar free?
"I think the Federal Reserve has made it clear that they would like to do some increase this year, they didn't say when, but before they make a decision, they want to make sure the unemployment rate in the U.S. isn't likely to rise as a result, but also they have recently said they don't want the currency to strengthen," Rubenstein told CNBC.
"The Federal Reserve and all central banks want to make sure they have a strong currency, but right now the U.S. is very strong with respect to its dollar and there is some concern that if we increase interest rates even a little bit, it could strengthen the dollar so much so that it would be disequilibrium for the U.S. for Europe and other economies," he said, speaking in Berlin, near the SuperReturn International conference.
"So I think the Federal Reserve is not likely to make a decision until the fall," he added.
Rubenstein's comments came just ahead of Fed Chair Janet Yellen semi-annual testimony in front of the Senate Banking Committee in Washington.
At the address, Yellen described how the central bank's rate-setting policy committee will likely proceed in coming months— an effort to increase the Fed's flexibility and mute any potential market reaction as the central bank approaches its liftoff date for rate increases.
Her remarks struck a decidedly dovish tone in indicating that it would be a while before the central bank's Open Market Committee makes a move on interest rates.
"The FOMC's assessment that it can be patient in beginning to normalize policy means that the Committee considers it unlikely that economic conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of FOMC meetings," Yellen said in prepared remarks before the Senate Banking Committee
Speaking on investing in Greece, Rubenstein said while he enjoyed visiting the country, but as a place to invest money it is very "risky"
"I think it's not for somebody who really doesn't know a great deal about what they're doing investing in Greece. It's not a place for people that are worried about the widows-and-orphans kind of returns," he said.