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US STOCKS SNAPSHOT-Wall St tumbles on oil woes

NEW YORK, Feb 2 (Reuters) - U.S. stocks dropped on Tuesday after a disappointing spending forecast from Exxon Mobil and another steep drop in oil prices.

Saipem to appeal Algeria fine over gas pipeline contracts

MILAN, Feb 2 (Reuters) - Italian oil services group Saipem said on Tuesday it would appeal an Algerian court ruling ordering one of its units to pay a 34,000 euro ($37,104) fine for allegedly inflating prices on contracts to build a gas pipeline.

Iraqi Kurdish leader calls for non-binding independence referendum

ERBIL, Iraq, Feb 2 (Reuters) - Iraq's autonomous Kurdistan region should hold a non-binding referendum on independence, its president said on Tuesday, despite the numerous crises it is facing.

UPDATE 2-EDF's union board members to oppose Hinkley Point -sources

* Hinkley power price now nearly 3 times market rate (Adds detail on timing and power price)

UPDATE 1-Exxon, tops in stock buybacks, now saving its cash

Feb 2 (Reuters) - Few phenomena in the stock market are more predictable than oil major Exxon Mobil Corp's massive share buyback program.

GLOBAL MARKETS-U.S., European stocks slide as oil tumbles again

* U.S. Treasury yields fall to 9-month lows (Updates with U.S. afternoon trading)

Algerian court jails six in oil firm corruption case

ALGIERS, Feb 2 (Reuters) - An Algerian court jailed six people on Tuesday in a corruption case involving state energy firm Sonatrach, including a former vice president and an ex-state bank chief, and it fined two local subsidaries for their role.

Brazil's Rousseff vows all-out war on Zika virus mosquito

BRASILIA, Feb 2 (Reuters) - Brazil's President Dilma Rousseff said her government will not spare resources in mobilizing her country to combat the mosquito that transmits the Zika virus now spreading rapidly through the Americas.

UPDATE 1-Rouhani says no problem with U.S. firms entering Iran

DUBAI, Feb 2 (Reuters) - Iran has no problem with U.S.

UPDATE 3-Exxon slashes spending after smallest profit in years

Feb 2 (Reuters) - Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices.

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