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UPDATE 1-U.S. oil export battle heats up as drillers group to fight ban

Producers for American Crude Oil Exports, or PACE, is the first lobbying group to form to reverse the trade restriction passed by Congress in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. As the U.S. oil boom of the last six years builds an excess of crude, calls have risen for Congress and the Obama administration to relax the ban.
Source: Reuters | By: Timothy Gardner
US needs to defend e-commerce as we know it

The US needs to take a stand on the free flow of data across borders to protect e-commerce as we know it, say Reps. Lee Terry and Peter Welch.
Source: CNBC.com | By: Reps. Lee Terry and Peter Welch
Hacker gets prison for cyberattack stealing $9.4M

Sergei Nicolaevich Tsurikov, 30, was sentenced earlier in the week in an Atlanta federal court. Prosecutors said Tsurikov, of Tallinn, Estonia, and others hacked the Royal Bank of Scotland Group in Atlanta in November 2008. In August 2010, authorities brought Tsurikov from Estonia to Atlanta to face arraignment on fraud charges.
Source: The Associated Press
Research and Markets: Nuclear Power to Play a Pivotal Role in India Despite Challenges

DUBLIN---- Research and Markets has announced the addition of the "Nuclear Power to Play a Pivotal Role in India Despite Challenges" report to their offering. India's weapons program means that it has never joined the Nuclear Non-Proliferation Treaty, excluding it from the trade of nuclear plants or materials, but in 2008, the Nuclear Suppliers Group agreement...
Source: Business Wire
UPDATE 1-S&P affirms Russia's sovereign rating a notch above junk

MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens. Russian Finance Minister...
Source: Reuters
U.S. oil export battle heats up as drillers group to fight ban

Congress passed the trade restriction in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. The group of 14 producers has "united to create an advocacy initiative to help repeal the outdated ban on crude oil exports," Daren Beaudo, a spokesman for ConocoPhillips, one of the member companies, said in an email. The U.S. drilling boom of the past...
Source: Reuters | By: Timothy Gardner
France OKs extradition of dissident Kazakh banker

PARIS- A French appeals court has authorized the extradition to Russia or Ukraine of a Kazakh dissident banker whose legal case is tangled up in at least five countries. Mukhtar Ablyazov fled Kazakhstan amid the nationalization of BTA Bank, which he once led as chairman. He was arrested in southern France in July 2013 and both Russia and Ukraine have requested...
Source: The Associated Press
S&P affirms Russia's sovereign rating a notch above junk

MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning that a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens.
Source: Reuters
S&P upgrades Cyprus on commitment to bailout deal

NICOSIA, Cyprus- Rating agency Standard& Poor's gave Cyprus a pat on the back with a one notch upgrade to its credit grade, to B+, citing its commitment to the terms of its bailout program and better-than-expected economic growth. It hailed Cyprus' strong budgetary performance and projected a shallower recession this year. The agency said Friday that it expected...
Source: The Associated Press
UPDATE 1-Putin urges West to help Ukraine with funds for Russian gas

LAURA, Russia, Oct 24- Russian President Vladimir Putin issued a plea to the European Union and United States on Friday, asking them to help cash-strapped Ukraine raise funds to pay for Russian gas purchases and warning about escalation of the gas crisis. He also said he hoped a deal would be reached next week with Ukraine to end a long-running dispute in which...
Source: Reuters | By: Alexei Anishchuk