Author name: Commodities Market Writer

The birth of national market liberalism.

It’s pretty obvious by now that globalization has fallen out of favor. And while many pundits have deemed economic globalism dead, we are still figuring out what to call this new era. Branko Milanovic’s chosen phrase is “national market liberalism,” a term that sums up how a world once defined by the free movement of capital has begun to contract as the most powerful governments have come to favor mercantilism and nationalism. In his new book, The Great Global Transformation: The United States,

AT&T Inc. has opened books on a at least €2 billion ($2.23 billion) euro and sterling bond offering, injecting a large corporate deal into what’s a traditionally subdued period for Europe’s primary market.

The Audi group sees lower sales and profitability this year as worsening conditions in China and US tariffs hamper the carmaker’s turnaround efforts.

The first US liquefied natural gas shipment to China in more than a year will be re-exported, as the local companies involved look to tap higher profits overseas and avoid paying tariffs, according to people with knowledge of the matter.

An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb Strait, as Houthi threats heighten uncertainty in the region.

Vodacom Group Ltd. trimmed its dividend-payout plan and raised its revenue, earnings and cash-flow goals as the wireless carrier seeks to reinvest capital in its higher-growth eastern and northern African businesses.