Receive Breaking News updates as they occur
By Wayne Cole SYDNEY (Reuters) - The tide of global stimulus is swelling as China cut interest rates and India launched an expansionary budget over the weekend, even as a mixed bag of manufacturing surveys underlined the challenges facing the region. The Reserve Bank of Australia (RBA) holds its March policy meeting on Tuesday and there is a real chance it will cut rates for a second time in as many months.
By Nadia Damouni and Suzanne Barlyn NEW YORK (Reuters) - Chip maker NXP Semiconductors NV has agreed to buy smaller peer Freescale Semiconductor Ltd and merge operations in a deal valuing the combined company at over $40 billion. The transaction is the clearest sign yet that semiconductor companies are regaining the confidence required to pursue big mergers and acquisitions at a time when their major clients, such as mobile phone manufacturers, seek to consolidate suppliers. Freescale also has its chips in consumer products such as Amazon's Kindle e-reader. Last month, Avago Technologies said it would buy wireless networking company Emulex Corp for more than $600 million, while MaxLinear said it would buy Entropic Communications Inc for $287 million.
By Phil Stewart WASHINGTON (Reuters) - The murder of Kremlin critic Boris Nemtsov has dampened any hope for a peaceful political transition in Russia away from President Vladimir Putin's government, Garry Kasparov, a prominent opposition voice, said in an interview on Sunday. Kasparov, a former world chess champion who lives in self-imposed exile in the United States, offered a gloomy outlook for Russia's political opposition after Nemtsov was shot dead meters from the Kremlin late on Friday.