An unprecedented withdrawal of capital from emerging markets is threatening to create a wave of debt defaults as governments struggle with the double whammy of falling oil prices and the rapidly spreading coronavirus outbreak. As investors fled emerging-market bonds...

Banks and financial-technology firms are starting to toughen their approval standards for new loans to consumers and small businesses. That means many people could find it hard to get credit just when they most need it, as the novel coronavirus pandemic puts thousands...

How could a microscopic organism destroy nearly $15 trillion in global stock-market wealth in five weeks? Until recently, many investors believed central banks and other policy makers had repealed the business cycle and that making money in the stock market was...