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  • STOCKHOLM, June 27- Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with U.S. firm Nvidia Corp, best known for its graphics technology in computer games, to develop software systems for self-driving cars. A joint venture between Volvo, owned by China's Zhejiang Geely Holdings, and Autoliv will work with NVIDIA to develop systems that use...

  • SAN FRANCISCO, June 26- Chipmaker Nvidia Corp announced on Monday it was partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021.. Volvo is owned by China's Geely Automobile Holdings Ltd. The company, whose many partners already include Tesla Inc, Toyota Motor Corp and tier...

  • LONDON/ STOCKHOLM, June 27- Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price. The Swedish firm's clients in its core business include Vodafone and Verizon but profits have plunged due to competition from...

  • TOKYO, June 27- The dollar rose on Tuesday to its highest level against the yen in nearly five weeks ahead of comments from Federal Reserve Chair Janet Yellen that are expected to underline her positive view of the U.S. economic outlook. She is scheduled to take part in a discussion later on Tuesday at London's Royal Academy. "Hedge funds are already selling yen this...

  • SHANGHAI, June 27- China's yuan, which has weakened against the U.S. dollar the past eight days, slipped again on Tuesday after the central bank fixed its official midpoint at the lowest level in nearly a month. The People's Bank of China set the midpoint rate at 6.8292 per dollar prior to market open, the weakest since May 31, softer than the previous fix 6.822.

  • TOKYO, June 27- Japanese stocks edged towards two-year highs on Tuesday as exporters benefited from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year. Spreadbetters expected a slightly higher open for Britain's FTSE, Germany's DAX and...

  • MANILA, June 27- The new Philippines environment minister said on Tuesday he may decide next month on the fate of dozens of mining operations and contracts that his predecessor ordered closed, suspended or cancelled to protect watersheds and other natural resources. Roy Cimatu said he plans to visit mines in the world's top nickel ore supplier to see if they are...

  • TOKYO, June 27- Japanese auto parts maker Takata Corp apologised on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world. Executives offered the apology at the firm's last annual shareholder meeting as a listed company. Takata has filed for bankruptcy protection in Japan and the United States and agreed to be...

  • TOKYO, June 27- Japanese auto parts maker Takata Corp apologized on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world. Executives offered the apology at the firm's last annual shareholder meeting as a listed company. Takata has filed for bankruptcy protection in Japan and the United States and agreed to be...

  • THUNDER HORSE OIL PLATFORM, Gulf of Mexico, June 27- A bout 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. This is just one of the four Gulf of Mexico platforms on which BP has staked its future in U.S. oil production.

  • SAN FRANCISCO, June 27- Googles self-professed mission is to organize the worlds information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself. Nearly two years ago, Google co-founder Larry Page announced the tech giant would be remade as Alphabet, a holding company whose units would...

  • *Yellen due to speak in London on Tuesday. BENGALURU, June 27- Gold held steady on Tuesday supported by an easing dollar, with investors looking to a speech later in the day by Federal Reserve Chair Janet Yellen for clues on the outlook for U.S. monetary policy. Yellen is scheduled to take part in a discussion on global economic issues at London's Royal Academy.

  • *China industrial profit growth accelerated to 16.7 pct in May. *China mid-year earnings season starts next week. SHANGHAI, June 27- China stocks eased slightly on Tuesday despite solid industrial profit data, as investors were cautious ahead of the mid-year earnings season and after the blue-chip index rose to 1-1/ 2- year highs.

  • BEIJING— China's top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are "generally under control" and Beijing can achieve this year's development targets. Speaking at a meeting of the World Economic Forum in the northeastern city of Dalian, Premier Li Keqiang also gave a ringing endorsement of free...

  • DALIAN, China, June 27- China is entirely capable of achieving its full-year growth target and controlling systemic risks despite many challenges facing its economy, China's Premier Li Keqiang said on Tuesday. Global markets continue to fret about the outlook for China as policy makers have tightened financial conditions and cracked down on wanton growth in...

  • NEW YORK— Several prospective jurors have been excused from the federal securities fraud trial of an ex-pharmaceutical company executive because they claimed they couldn't be impartial. Jury selection will continue Tuesday morning in Brooklyn. During jury questioning Monday, several potential jurors said they couldn't ignore Martin Shkreli's...

  • *OPEC has been pushing to curb output, fight glut. West Texas Intermediate crude futures were up 12 cents, or 0.3 percent, at $43.50 per barrel by 0323 GMT. "The market has fallen a lot as the news has been bad pretty consistently for the oil market," said Ric Spooner, chief market analyst at CMC Markets in Sydney.

  • YOKOHAMA, June 27- Nissan Motor Co on Tuesday said it paid CEO Carlos Ghosn 1.098 billion yen in the year ended March, up 2.5 percent from the previous year. Ghosn, one of the best-paid auto executives, received a separate salary of 7.06 million euros last year as CEO of Renault SAC, Nissan's automating alliance partner. Ghosn stepped down as Nissan CEO at the end of...

  • June 26- The U.S. apartment vacancy rate increased in the second quarter and rents were higher, according to a report from Reis Inc.. The national vacancy rate rose slightly to 4.4 percent in the second quarter from 4.3 percent in the first quarter, the real estate research firm said. Asking rent rose 1.3 percent and effective rent grew 1.1 percent in the most recent...

  • TOKYO, June 27- Japanese stocks edged towards two-year highs on Tuesday as exporters benefitted from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year. Yellen is scheduled to take part in a discussion on global economic issues at London's Royal...