Japan Bond Futures Drop After BOJ Plans Slower Bond Buying Cuts
Japanese bond futures dropped after the central bank held rates steady and said it would slow its tapering of government bond buying from the start of the next fiscal year.
The yen rose slightly against the dollar to 144.72 as 12:36 p.m. Tokyo time, while JGB futures dropped 0.1%. The BOJ eased the tempo at which it will decrease its monthly bond purchases from next fiscal year to a quarterly reduction of ¥200 billion ($1.4 billion), from the current pace of ¥400 billion.
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Yahoo
11 minutes ago
- Yahoo
Sustainability Push Driving Adoption of Enzyme-Based Textile Processing Worldwide - A $7.54 Billion Market by 2030
Recent industry activities highlight the increasing shift towards sustainable textile processing. Sunson Industry Group showcased eco-friendly enzyme solutions at EXINTEX 2024, and Kerry Group enhanced its enzyme capabilities with strategic acquisitions. The market is dominated by the micro-organisms segment, and APAC leads growth due to its robust textile manufacturing sector. Trends such as sustainable, bio-based enzymes and advancements in enzyme technology are fueling market expansion. Textile Enzymes Market Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Textile Enzymes Market - Focused Insights 2021-2030" report has been added to Textile Enzymes Market was valued at USD 5.52 billion in 2024, and is projected to reach USD 7.54 billion by 2030, rising at a CAGR of 5.33%. The global textile enzymes market is set to grow due to rising demand for natural fibers and stringent environmental regulations. The global textile enzymes market report consists of exclusive data on 25 vendors. The market is highly competitive, with key players focusing on innovation, sustainability, and efficiency to gain a competitive edge. Industry leaders like Novonesis, BASF, and AB Enzymes dominate the market with advanced enzyme formulations and strong R&D capabilities. Companies such as Kemin Industries, Sunson, and Kerry Group leverage their biotechnology expertise to expand enzyme applications in textile processing. Regional players like Tex Biosciences, itaita Biotech, and Zytex strengthen their market presence through cost-effective solutions tailored for local textile industries. The market is also witnessing strategic collaborations, product innovations, and sustainability-driven advancements as companies aim to differentiate their offerings and meet evolving industry demands. RECENT VENDOR ACTIVITIES At EXINTEX 2024, one of Latin America's most significant textile trade fairs, Sunson Industry Group Co., Ltd. showcased its advanced textile enzyme solutions, reinforcing the growing role of enzymatic treatments in sustainable textile processing. The introduction of neutral cellulase for biopolishing and denim washing, along with pectinase for bioscouring, highlights the industry's shift towards eco-friendly alternatives that enhance fabric quality while minimizing chemical usage and water consumption. Kerry Group's acquisition of c-LEcta and Enmex in February 2022 strengthens its biotechnology capabilities, particularly in enzyme development and bioprocessing. c-LEcta's precision fermentation and bio-transformation expertise enhances Kerry's ability to create high-value targeted enzymes, while Enmex's manufacturing capabilities expand its reach in enzyme production. This development has implications for the global textile enzymes market, as it reflects the increasing investment in enzyme technology for various industrial applications, including textile processing. KEY TAKEAWAYS By Source Type: The micro-organisms segment accounted for the largest market share, driven by their high efficiency, stability, and scalability, driving increased adoption in sustainable textile processing. By Applications: The bio-polishing segment shows the highest growth of 6.78%, driven by its ability to enhance smoothness, softness, and resistance to pilling. By Geography: APAC dominates the global textile enzymes market and shows the highest growth, driven by the strong presence of textile manufacturing hubs in China, India, Bangladesh, and Vietnam. TEXTILE ENZYMES MARKET TRENDS Shift Toward Sustainable & Bio-Based EnzymesThe growing emphasis on sustainability in the textile industry is driving the demand for bio-based enzymes, as companies seek to minimize their carbon footprint and comply with environmental regulations. This shift is expanding the global textile enzymes market, as manufacturers invest in enzymatic solutions for eco-friendly textile processing. Global sustainability initiatives, such as the UN Sustainable Development Goals (SDGs) and the European Green Deal, encourage the use of eco-friendly alternatives to traditional chemical treatments. This regulatory push is accelerating the adoption of textile enzymes, fueling growth in the global market as companies transition to sustainable production methods. Leading fashion brands, including H&M and Levi's, are incorporating enzyme-based solutions for fabric processing to reduce water and chemical consumption. This increased usage by major brands is strengthening demand for textile enzymes worldwide, driving market in Enzyme Engineering & BiotechnologyContinuous innovation in enzyme biotechnology has led to the development of genetically modified enzymes with enhanced performance, allowing textile processing at lower temperatures and pH levels. This advancement is expanding the global textile enzymes market, as manufacturers seek efficient and eco-friendly alternatives to traditional chemicals. This shift reduces energy consumption by 30-40%, making enzymatic treatments more cost-effective while supporting net-zero carbon goals. The increasing cost savings and sustainability benefits are driving higher adoption of textile enzymes worldwide, boosting market growth. Companies like Novonesis and AB Enzymes are investing in enzyme engineering to create high-efficiency formulations specifically designed for textile applications. Their efforts are accelerating innovation in the global textile enzymes market, leading to the development of specialized solutions for various fabric treatments. The demand for enzyme-based fabric treatments in emerging economies such as India, China, and Brazil is rising due to increasing textile production and sustainability efforts. This growing adoption in key manufacturing hubs is fueling the expansion of the global textile enzymes market, reinforcing its role in sustainable textile ENZYMES MARKET DRIVERS Rising Demand for Natural FibersThe rising consumer preference for organic and sustainable textiles is fueling demand for natural fibers such as cotton, wool, and silk, which require enzymatic treatments for efficient processing. This trend is driving expansion in the global textile enzymes market, as enzyme-based solutions become essential for processing eco-friendly fabrics. The global organic cotton market is expected to grow significantly, with brands like Patagonia and Stella McCartney promoting enzyme-treated natural fibers in their eco-friendly collections. This shift is increasing the demand for textile enzymes, reinforcing their role in sustainable fashion manufacturing. Enzymes such as pectinases, cellulases, and proteases enhance the softness, strength, and longevity of natural fiber textiles, making them ideal for premium and sustainable fashion. As more high-end brands adopt enzyme-based processing, the global textile enzymes market is witnessing strong Environmental RegulationsGovernments worldwide are enforcing strict environmental laws to curb chemical pollution in textile manufacturing, accelerating the shift toward enzyme-based processing solutions. This regulatory push is expanding the global textile enzymes market, as industries seek sustainable alternatives to comply with new standards. Regulatory bodies such as the European Chemicals Agency (ECHA) and the U.S. Environmental Protection Agency (EPA) are imposing restrictions on hazardous chemicals, making enzymatic alternatives a necessity. As a result, the demand for textile enzymes is rising, reinforcing their role in eco-friendly textile processing. The textile industry contributes nearly 20% of global wastewater pollution, pushing regulatory bodies to advocate for green chemistry solutions like enzymes to reduce toxic discharges. This has significantly boosted investments in biotechnology-driven enzyme innovations, strengthening the textile enzymes market. Countries like Germany, Sweden, and the Netherlands are leading in eco-friendly textile production, with enzyme technology playing a crucial role in meeting sustainability targets. The increasing adoption of enzyme-based processing in these regions is setting a benchmark for the global textile enzymes market, encouraging wider implementation across the RESTRAINTS Competition from Chemical Textile Processing MethodsThe textile industry has historically relied on chemical-based processing methods due to their lower costs, faster reaction times, and established supply chains. Despite the push for sustainability, chemical methods such as caustic soda scouring and synthetic bleaching agents continue to dominate in cost-sensitive regions like South Asia (India, Bangladesh, Pakistan) and Southeast Asia (Vietnam, Indonesia, Cambodia), where low-cost textile manufacturing is a major industry driver. According to The Foreign Investors' Chamber of Commerce & Industry (FICCI), Bangladesh's textile sector, contributing 84.58% of export revenue and exceeding $43 billion in 2023-2024, is embracing enzyme-based processing to enhance fabric quality and sustainability. This shift aligns with the global textile enzymes market, as manufacturers adopt enzymatic solutions for eco-friendly and efficient textile ENZYMES MARKET GEOGRAPHICAL ANALYSISAPAC dominates the global textile enzymes market owing to APAC having a huge textile industry that is growing rapidly because of key countries involved like India, China, and Bangladesh, which are major textile producers and exporters in the world. The government in APAC has implemented favorable policies to support the growth of the textile industry. APAC countries also offer a cost advantage over other regions, which makes the production of textiles more cost-effective, and the demand for sustainable textiles is rapidly increasing in the APAC region, which eventually drives the textile enzymes market. Government initiatives promoting eco-friendly textile production in countries like Japan, South Korea, and Vietnam are accelerating the shift towards enzyme-based processing. The project "Promoting Sustainability Standards in the Textile and Garment Industry in Asia" (FABRIC) supports the Asian textile industry in its transformation towards fair production for people and the ENZYMES MARKET COMPETITIVE INSIGHTSKey Vendors Novonesis AB Enzymes BASF Sunson Kerry Group Other Prominent Vendors Bestzyme (Nanjing) Bio-products Denykem Kemin Industries Advanced Enzyme Technologies Ultreze Enzymes Epygen Labs Greenwave Global Antozyme Biotech Nature BioScience Tex Biosciences Infinita Biotech Lumis Biotech Maps Enzymes Starco Arochem Genotek Biochem Zytex Aumgene Biosciences Creative Enzymes Sarex S&D Associates Key Attributes: Report Attribute Details No. of Pages 113 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $5.52 Billion Forecasted Market Value (USD) by 2030 $7.54 Billion Compound Annual Growth Rate 5.3% Regions Covered Global SEGMENTATION & FORECASTS By Source Type Micro-organisms Animal Tissues Plants By Application Bio-polishing Desizing Bio-sourcing Bleaching Others By Geography APAC China India Bangladesh Vietnam Europe Germany Italy Spain France North America US Canada Latin America Brazil Mexico Middle East & Africa Turkey Egypt For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Textile Enzymes Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
19 minutes ago
- Yahoo
Dada Announces Completion of Going Private Transaction
SHANGHAI, China, June 16, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, 'Dada' or the 'Company'), China's leading local on-demand retail and delivery platform, today announced the completion of the merger (the 'Merger') with JD Sunflower Merger Sub Limited ('Merger Sub'), a wholly owned subsidiary of JD Sunflower Investment Limited ('Parent'), pursuant to the previously announced Agreement and Plan of Merger (the 'Merger Agreement'), dated April 1, 2025, by the Company, Parent and Merger Sub. Parent is wholly owned by Inc. ('JD'). As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company. Pursuant to the Merger Agreement, which was approved by the Company's shareholders at an extraordinary general meeting on June 10, 2025, at the effective time of the Merger (the 'Effective Time'), each American depository share (each, an 'ADS'), representing four ordinary shares of the Company, par value US$0.0001 each (each, a 'Share'), issued and outstanding immediately prior to the Effective Time, other than ADSs representing the Excluded Shares (as defined in the Merger Agreement), together with the Shares represented by such ADSs, has been cancelled in exchange for the right to receive US$2.0 in cash per ADS without interest, and each Share issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, the Dissenting Shares (as defined in the Merger Agreement) and Shares represented by ADSs, has been cancelled in exchange for the right to receive US$0.5 in cash per Share without interest (the 'Merger Consideration'). Pursuant to the terms of the Merger Agreement, the Excluded Shares have been cancelled without payment of any consideration from the Company therefor and the Dissenting Shares have been cancelled and will entitle the former holders thereof to receive the fair value thereon determined in accordance with Section 238 of the Companies Act (As Revised) of the Cayman Islands. Registered shareholders immediately prior to the Effective Time who are entitled to the Merger Consideration will receive from the paying agent a letter of transmittal and instructions on how to surrender their Shares in exchange for the Merger Consideration in respect of each Share held thereby, and should wait to receive the letter of transmittal before surrendering their Shares. Payment of the Merger Consideration will be made to holders of Shares (other than Shares represented by ADSs) in respect of each such Share held thereby upon surrender of applicable Shares and delivery of the letter of transmittal and any other documents required by such letter of transmittal to be delivered in connection therewith. Payment of the Merger Consideration (after deduction of fees) will be made to holders of ADSs in respect of each ADS held thereby as soon as practicable after JPMorgan Chase Bank, N.A., the ADS depositary, receives the aggregate Merger Consideration payable to holders of ADSs from the paying agent. The Company also announced today that it requested that trading of its ADSs on Nasdaq Global Select Market (the 'Nasdaq') be suspended effective June 17, 2025. The Company requested that Nasdaq file a Form 25 with the Securities and Exchange Commission (the 'SEC') notifying the SEC of the delisting of the Company's ADSs on Nasdaq and the deregistration of the Company's registered securities. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15 with the SEC. The Company's obligation to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will cease once the deregistration becomes effective. Kroll, LLC is serving as financial advisor to a committee of independent directors established by the board of directors of the Company (the 'Special Committee'). Gibson, Dunn & Crutcher LLP is serving as U.S. legal counsel to the Special Committee. Appleby is serving as Cayman Islands legal counsel to the Special Committee. UBS AG Hong Kong Branch is serving as financial advisor to JD. Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to JD. Harney Westwood & Riegels is serving as Cayman Islands legal counsel to JD. About Dada Nexus Limited Dada Nexus Limited is China's leading local on-demand retail and delivery platform. It operates JD NOW, formerly known as JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada NOW, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The vast volume of on-demand delivery orders from the JD NOW platform increases order volume and density for the Dada NOW platform. Meanwhile, the Dada NOW platform enables improved delivery experience for participants on the JD NOW platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. For more information, please visit Forward-Looking Statements This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. Statements that are not historical or current facts, including statements about Dada's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors, risks and uncertainties include: uncertainties as to the expected benefits and costs of the Merger; the outcome of any legal proceedings that may be instituted against the Company related to the Merger; the amount of the costs, fees, expenses and charges related to the Merger; and other risks and uncertainties discussed in documents filed with the SEC by the Company as well as the Schedule 13E-3 and the proxy statement filed by the Company. Further information regarding these and other factors, risks and uncertainties is included in the Company's filings with the SEC. All information provided in this press release is as of the date of the press release, and Dada undertakes no duty to update such information, except as required under applicable law. For investor inquiries, please contact: Dada Nexus LimitedE-mail: ir@ ChristensenIn ChinaMr. Rene VanguestainePhone: +86-178-1749-0483E-mail: USMs. Linda BergkampPhone: +1-480-614-3004E-mail: For media inquiries, please contact: Dada Nexus LimitedE-mail: PR@
Bloomberg
20 minutes ago
- Bloomberg
China's Oil Demand Will Peak Earlier Than Expected, IEA Says
China's oil demand will stop growing earlier than expected, reinforcing the outlook for a global peak and prolonged supply surplus this decade, the International Energy Agency said. The IEA slashed forecasts for Chinese consumption until 2030 by about 1 million barrels a day amid 'extraordinary' domestic sales of electric vehicles. It predicts the nation's demand — which has dominated world growth this century — will top out in 2027, and worldwide oil use two years after that.
