South - South cooperation
Search documents
Global Market Pulse: Ukraine Energy Crisis Deepens, Breitling Valuation Slashed, and Brazil-India Trade Ambitions
Stock Market News· 2026-02-22 10:08
Group 1: Ukraine Energy Infrastructure and Corporate Targets - Russia launched a coordinated drone and missile assault on Ukraine's power grid, causing widespread blackouts across critical regions including Odesa, Kyiv, Mykolaiv, Dnipropetrovsk, Zaporizhzhia, and Poltava [2][9] - A missile hit a production plant owned by Mondelez International in the Sumy Oblast, resulting in damage to production buildings but no casualties, characterized as "economic terror" against American business interests [3][9] Group 2: Luxury Sector Cools: Breitling Valuation Markdown - Private equity owners, including Partners Group, have reduced the internal valuation of Swiss watchmaker Breitling from approximately $4.5 billion due to a cooling secondary market and slowing demand for high-end timepieces [4][5][9] Group 3: Brazil-India Trade Target - Brazil and India announced a target to double bilateral trade to $30 billion by 2030, up from approximately $15 billion in 2025, focusing on critical minerals, aerospace, and pharmaceuticals [6][7][9] Group 4: Operational Issues at Phillips 66 Wood River Refinery - Phillips 66 reported an excess emission event at its Wood River oil refinery in Illinois, which has a crude throughput capacity of 365,000 barrels per day, following its acquisition of full ownership from Cenovus Energy [8][10][9]
Nigeria Welcomes First Wave of St. Kitts and Nevis Delegation Following Landmark Visa-Free Agreement
Globenewswire· 2025-11-26 21:33
Core Insights - Nigeria and St. Kitts and Nevis have established a historic visa-free entry agreement, marking a significant step in Afri-Caribbean cooperation [2][5] - The visit of the St. Kitts and Nevis delegation, led by Minister of Agriculture Samal Mojah Duggins, emphasizes the commitment to enhance diplomatic and economic ties [3][6] Group 1: Agreement and Cooperation - The agreement allows St. Kitts and Nevis to be the first nation outside Africa and ECOWAS to have unrestricted access to Nigeria, indicating a new era of connectivity [2] - This partnership is seen as a bold move towards collaboration in trade, culture, and innovation between Africa and the Caribbean [6] Group 2: Delegation and Leadership - The delegation includes high-ranking officials such as the Deputy Prime Minister and the Speaker of the National Assembly, highlighting the importance of this visit [3] - Aisha Maina, CEO of Aquarian Consult, played a crucial role in facilitating this agreement during the Afri-Caribbean Investment Summit [4] Group 3: Economic Opportunities - The collaboration opens up opportunities in sectors like agribusiness, technology, and creative industries, with discussions on food security and youth empowerment underway [5] - The upcoming AACIS '26 in Abuja is expected to further expand the outcomes of this partnership [5]