Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
President Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.Politicsread more
The Federal Reserve is expected to announce an interest rate hike at its meeting later on Wednesday and market watchers are looking at the potential impact on emerging market assets.
The U.S. central bank raised its federal funds rate by 25 basis points in December of last year and March this year. Another quarter percent hike has been broadly priced in by markets.
Morgan Harting, portfolio manager of emerging market multi asset portfolio at AllianceBernstein, dismissed concerns that policy tightening by the Fed would be negative for emerging markets.
"What we see is when growth is strong the Fed tends to be raising rates. The last time the Fed really raised rates was in 2004, when it went from 1 percent to 5.25 percent and over that time we saw emerging market assets rally by 135 percent," he told CNBC's Squawk Box on Wednesday.
"We've seen emerging markets rally quite strongly since the first one into this. I think the Fed is communicating an environment of strong growth and one in which inflation remains relatively benign."
Harting says governance remains a key concern in emerging markets, but says he thinks the 30 percent discount on emerging market stocks is excessive given the strong earnings growth in emerging markets. As an example, he highlighted earnings growth in China and said there are good investment opportunities in the region.
"Capacity utilization is rising because excess capacity at state owned companies has been shut down and on-going demand has absorbed private sector capacity," he said.
"This has improved pricing power for Chinese companies and we're seeing earnings growth of 30 percent, yet the market is still undemanding in its valuation at about 13 times earnings, compared to 18 for the S&P."
UBS economists Gyorgy Kovacs and Anna Zadornova are also feeling more bullish for growth in some emerging markets. They've revised their GDP (Gross Domestic Product) forecasts higher for Poland, the Czech Republic, Hungary and Turkey due to strong first quarter growth, the Eurozone recovery and a downward revision to the oil price trajectory.
"Q1 2017 GDP growth details have been very strong for many EMEA economies, with Turkish GDP growth hitting 5 percent, while essentially all Central and Eastern Europe countries were expanding by around 4 percent year on year," they said in a research note published Wednesday.
"The key positive risks are stronger Eurozone/China growth, more benign carry environment lingering for longer and domestic reforms. On the flipside, we consider the main negative risks to be: global and domestic policy uncertainty, more cautious consumer and investment recovery."
Follow CNBC International on and Facebook.