UPDATE 1-Major snowstorm hits Chicago, heads toward New England

KANSAS CITY, Feb 1 - A major winter storm swept through parts of the Midwest on Sunday, dumping more than a foot (30 cm) of snow in Chicago area before tracking toward New England, a region still reeling from a powerful blizzard that struck only days ago.

3:27am IST

UPDATE 3-Obama targets foreign profits with tax proposal, Republicans skeptical

WASHINGTON, Feb 1 - President Barack Obama's fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday.

1:53am IST

UPDATE 5-Blast targeting bus near Shi'ite shrine in Damascus kills six

* Explosions in central Damascus rare (Adds Hezbollah statement)

12:20am IST

Noble Energy team in Egypt for talks on importing Israeli gas - sources

CAIRO, Feb 1 - A delegation from American oil firm Noble Energy is in Egypt for talks with the state gas company about importing Israeli gas to energy-starved Egypt, sources at the airport and the oil ministry said on Sunday.

01 Feb 2015

UPDATE 2-Pro-democracy protesters back in Hong Kong, no violence

HONG KONG, Feb 1 - Thousands of pro-democracy protesters returned to the streets of Hong Kong on Sunday in the first large-scale rally since demonstrations rocked the global financial hub late last year.

01 Feb 2015
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Sector Summary


Sugar mills seek govt help to dispose of supply surplus

DUBAI - Struggling sugar mills in India should benefit from a fixed-pricing mechanism for fuel ethanol but still need government support to export surplus sugar, the Director General of the Indian Sugar Mills Association said on Sunday.