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Wires

  • *U.S. 2- year hits 9- year high; 30- year yields touch highest since July 2015. NEW YORK, Feb 21- U.S. U.S. 30- year yields, which move inversely to prices, hit their highest level since July 2015 after the Fed minutes, while those on 10- year notes hit session peaks.

  • In a story Feb. 20 about a preventive treatment for peanut allergies, The Associated Press erroneously reported the results of previous research based on comments by Dr. Bird said he misspoke and meant to say that tolerating one peanut reduces the risk of a reaction by 95 percent, not that it protects 95 percent of children allergic to peanuts.

  • LONDON/ ZURICH, Feb 21- Nestle is in talks to end a pricing stand-off with several European supermarkets, including Belgium's Colruyt and Switzerland's Coop, which have dropped some of the Swiss group's products in the latest sign of growing pressures on the retail industry. Nestle, the world's biggest packaged food maker, is facing off with AgeCore, a Geneva-...

  • Feb 21- Microchip maker Broadcom Ltd cut its bid for Qualcomm Inc on Wednesday by 4 percent to $117 billion as it objected to Qualcomms decision to raise its own bid for NXP Semiconductors NV to $44 billion. The moves raise the chances that Qualcomm will buy NXP and lowered the chances of a Broadcom-Qualcomm deal, CFRA Research analyst Scott Kessler wrote.

  • At a post-earnings call with analysts on Wednesday, Chairman Charlie Ergen responding to a question on slower growth for Sling TV said he was not worried about that, but did note that monthly churn is high across all the online streaming services as many people sign up for free trials and then cancel. Dish had 14 million subscribers in January 2015 when it...

  • *PNB to allow officers, not clerks, to use SWIFT system. MUMBAI, Feb 22- India's state-run Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters. India's second biggest state lender this month revealed the country's biggest loan...

  • PUNJAB NATIONAL BANK ADOPTS SOME STRICT SWIFT CONTROLS AFTER FRAUD CASE- INTERNAL MEMOS.

  • PNB PLACES NEW LIMITS ON THE AMOUNT THAT AN OFFICER CAN GENERATE DEPENDING ON THEIR SENIORITY IN THE BANK- MEMO.

  • PNB TO ONLY ALLOW OFFICERS, NOT CLERKS, TO INITIATE MESSAGES ON SWIFT- MEMO.

  • RIGA, Feb 21- Latvia's central bank chief has been suspended pending an investigation into bribery allegations, and the Baltic country's third biggest bank has sought emergency support following U.S. accusations of money-laundering and sanctions-busting. The problems, which the government says are not connected, have dealt a blow to Latvia's reputation as...

  • GUAXUPÉ, Brazil, Feb 21- Brazil's Cooxupé, the world's largest cooperative of coffee farmers, projects it will export 4.4 million 60- kg bags this year, 8 percent more than in 2017, as production jumps in the area where it operates in the Minas Gerais state. Cooxupé's chief executive, Carlos Paulino da Costa, told Reuters in an interview on Wednesday in Guaxupé,...

  • ATHENS, Greece— Greece's powerful Communist Party has vowed to step up protests against online auctions of homes with defaulted mortgages, putting more pressure on the government which has promised bailout creditors it will speed up the auction process. More than 2,000 protesters from the party's labor union took part in a rally in central Athens against the...

  • NEW YORK, Feb 21- JPMorgan Chase& Co. plans to build a new headquarters at its existing Manhattan site in the first major project under a rezoning law passed last year that aims to revitalize the Midtown area, the bank and officials said on Wednesday. The new 2.5 million-square-foot tower at the bank's current headquarters at 270 Park Avenue is subject to various...

  • NEW YORK— A federal panel says it's OK for doctors to start using a kid-friendly nasal spray flu vaccine again. But the Advisory Committee of Immunization Practices voted Wednesday to recommend the nasal spray as an option for next winter's flu season. The vaccine's maker, AstraZeneca, said a small study shows a new version appears to work better.

  • The justices ruled 9-0 in favor of Digital Realty Trust Inc, throwing out a lawsuit brought against the California- based real estate trust by a fired former employee who had reported alleged wrongdoing only internally and not to the SEC. The ruling could inhibit employees from trying to resolve complaints of wrongdoing without involving the SEC and impede...

  • Feb 21- U.S. stocks advanced on Wednesday, with the Dow and S&P 500 on track for their seventh gain in eight sessions, buoyed by stocks in economically sensitive areas such as industrials and technology. It lined up with market expectations for a continued gradual pace in interest rate hikes, "said Michael Skordeles, U.S. macro strategist at Suntrust Advisory...

  • NEW YORK/ LONDON, Feb 21- Cocoa futures on ICE rose to their highest in three months on Wednesday, pushing prices near technically overbought territory on concerns that drier-than-normal weather in top grower Ivory Coast could reduce a global surplus. *In New York, May cocoa settled up $25, or 1.2 percent, at $2,173 per tonne, after rising to $2,175, the highest since...

  • The SEC encouraged companies to consider adopting specific policies restricting executive trading in shares while a hack is being investigated and before it is disclosed. The SEC, in unanimously approving the additional guidance, said it would promote "clearer and more robust disclosure" by companies facing cyber security issues, said SEC Chairman Jay...

  • MEXICO CITY, Feb 21- Mexico and the European Union could wrap up talks to modernize their two-decade-old free trade deal by February or March, Mexican Economy Minister Ildefonso Guajardo said on Wednesday. Guajardo, speaking at an event in Mexico City, said negotiators still had two or three issues related to market access to finish. European Union and Mexican...