New Zealand made the right call to shelve a widely anticipated interest-rate increase. The central bank should resist the temptation to merely delay by a month or two. The global recovery has probably peaked and the most consequential monetary authorities in the world are loath to contemplate tightening for at least a year. This isn’t the time for New Zealand ...

Tencent Holdings Ltd’s $223 billion portfolio of shares helped it post record earnings in the June quarter. But with regulators on the warpath, the Chinese games and social media company will be looking to profit from a different type of investment: contrition. While most famous for its WeChat messenger and booming online games business, almost half its profit last quarter ...

Bloomberg Walmart Inc’s pandemic-driven gains in e-commerce slowed last quarter and profit margin fell, raising questions about the retailer’s ability to maintain momentum even after it topped Wall Street’s sales expectations. The company’s US online sales rose 6% in the second quarter, the company said in a statement. That was down from earlier in the pandemic, when soaring e-commerce demand ...