Finance

John Howe runs a small hedge fund in Connecticut. In the wake of the financial crisis, he took over a portfolio of underperforming loans, offering the debtors a choice: They could hand over their property, and he would release them from their personal guarantee. Or he would pursue them in court. But his attempt to […]

The European Union said Friday that talks with the U.K. to find an amicable divorce deal were back on track, despite huge challenges and a looming end-of-month deadline for Britain to leave the bloc. Interested in Brexit? Add Brexit as an interest to stay up to date on the latest Brexit news, video, and analysis

The Latest on Britain’s departure from the European Union (all times local): 11:15 a.m. European Union Council chief Donald Tusk says that he has “received promising signals” from Irish Prime Minister Leo Varadkar that a Brexit deal is still possible and he has extended a deadline to continue talks with the United Kingdom. Tusk, speaking

NEW DELHI — China’s leader, Xi Jinping, is swooping in to India on Friday for a quick meeting with Prime Minister Narendra Modi. “Frenemies,’’ is how a senior Indian official has described the India-China relationship. The two giant countries are neighbors and strategic rivals. They’re nuclear-armed, and their relationship is as complicated as ever. Mr.

Asian stock markets followed Wall Street higher Friday on optimism about U.S.-Chinese talks on ending a tariff war. Benchmarks in Shanghai, Tokyo and Hong Kong all advanced. Traders were encouraged by President Donald Trump’s plan to meet Beijing’s chief trade envoy. Economists say a final settlement to the sprawling dispute is unlikely this year, but

Hot, dry winds sweeping into Southern California raised concerns that the region’s largest utility could widen power shutoffs Friday to prevent its equipment from sparking wildfires. Southern California Edison turned off electricity to about 20,000 people in Los Angeles, Ventura, San Bernardino and Kern counties but warned that thousands more could lose service as Santa

Asian stock markets followed Wall Street higher Friday on optimism about U.S.-Chinese talks on ending a tariff war. Benchmarks in Tokyo, Hong Kong and Seoul advanced, while Shanghai edged lower following a week of gains. Traders were encouraged by President Donald Trump’s plan to meet Beijing’s chief trade envoy. Economists say a final settlement to

President Donald Trump declared Thursday that if his opponent had won the 2016 election, China would have overtaken the U.S. as the world’s largest economy by now. That’s almost completely inconceivable. Here’s a look at his statement at a Minneapolis rally, his first since Democrats opened an impeachment inquiry of Trump’s actions as president: TRUMP:

President Donald Trump offered an upbeat assessment of U.S.-China trade talks and said he would meet at the White House on Friday with the leader of the Chinese negotiating team. Expectations were low that the negotiations would do much to resolve a 15-month trade battle that is weighing on the global economy. But as the

Federal Reserve Board members voted on Thursday to adjust key bank regulations put in place after the financial crisis, enacting a series of changes that one board governor, Lael Brainard, warned could weaken “core safeguards.” Regulators are tying rules more closely to bank size, reducing the necessary level of cash and government bond stockpiles at