Chinese developer Greenland seeks offshore bond payment extension
By Xie Yu HONG KONG (Reuters) – Chinese property developer Greenland Holdings Corp said on Monday it was seeking its offshore bondholders’ approval to extend …
Payment
Givex Launches GivexPay, an Integrated Payment Solution for Merchants, Powered by Adyen for Platforms
Toronto, ON (-) Givex, the global IT platform focused on providing merchants with useful customer insights, announced today the launch of GivexPay powered by Adyen, …
Doctor Sentenced for Accepting Illegal Kickback Payment in Return for Writing Prescriptions for Compounded Drugs
A doctor licensed in the states of Oklahoma and Texas was sentenced for writing and referring compounded drug prescriptions in return for illegal kickback payments, …
Airline SAS defers interest payment amid restructuring
OSLO (Reuters) – Scandinavian airline SAS said on Thursday it will defer interest payments due later this month on its perpetual capital securities as part …
Canadian National Sentenced in Connection with Ransomware Attacks Resulting in the Payment of Tens of Millions of Dollars in Ransoms
Tampa, FL – A Canadian man was sentenced to 20 years in prison and ordered to forfeit $21,500,000 today for his role in NetWalker ransomware …
Canadian National Sentenced in Connection with Ransomware Attacks Resulting in the Payment of Tens of Millions of Dollars in Ransoms
Tampa, FL – A Canadian man was sentenced to 20 years in prison and ordered to forfeit $21,500,000 today for his role in NetWalker ransomware …
Full Restitution Payment Obtained from Three Former Portland-Area Strip Club Operators Convicted of Fraud
PORTLAND, Ore.—The U.S. Attorney’s Office for the District of Oregon announced today that full restitution of over $600,000 was obtained from the former operators of …
CIFI Holdings says it is seeking solutions after news of missed payment
SHANGHAI (Reuters) – Chinese real estate developer CIFI Holdings (Group) said the company is in active communication with financial institutions and seeking solutions, in response …
Developer Sunac China seeks to extend payment for 4 billion yuan bond for the 3rd time-sources
SHANGHAI (Reuters) – Struggling Chinese property developer Sunac China is seeking to extend the repayment for a 4 billion yuan ($558.35 million) bond for the …
U.S. expects more banks will cut off Russian payment system Mir – senior official
WASHINGTON (Reuters) – Steps that Turkish lenders Isbank and Denizbank took to suspend the use of Russian payment system Mir make a lot of sense, …
Former Dean of USC’s Social Work School Agrees to Plead Guilty to Bribery for Funneling $100,000 Payment to Secure County Contract
PLEA AGREEMENT LOS ANGELES – The former dean of the University of Southern California’s school of social work has agreed to plead guilty to …
Travel Agent Sentenced To Prison For Fraud On Clients, Cruise Lines And Payment Processors
Tampa, Florida – U.S. District Judge Susan C. Bucklew today sentenced Diana M. Hopkins (48, Wimauma) to 37 months in federal prison for wire fraud, …
Cummins workers to get $2,785 cost-of-living payment – UK union Unite
LONDON – Britain’s Unite trade union has negotiated a 2,300 pounds ($2,785.30) cost-of-living payment that will cover 2,730 workers at U.S. truck engine maker Cummins, …
Poste Italiane Q2 net profit up 44% on strong payment & mobile business
MILAN – Net income at Italy’s Poste Italiane rose 44% in the second quarter to 469 million euros, mainly thanks to strong growth in the …
Executives of Card Payment Processing Company Indicted in East Texas for Nationwide Multimillion Dollar Fraud Scheme
SHERMAN, Texas – A federal grand jury in Texas has indicted former executives and company leaders at Electronic Transactions Systems Corporation (“ETS”) for their conduct …
Google to allow app developers to use rival payment systems, to cut fees
By Foo Yun Chee BRUSSELS – Alphabet unit Google said it will from Tuesday cut fees to 12%, from 15%, for non-gaming app developers on …
India Potash’s rouble-rupee payment deal stumbles in Russian bank
By Nidhi Verma and Aftab Ahmed NEW DELHI – Russia’s Sberbank has yet to process the first payment from Indian Potash Ltd (IPL) under a …
China developer Greenland seeks to extend $488 million bond payment – memo
SHANGHAI -State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June …
Rouble firms to 4-yr high vs dollar as Russian debt payment licence expires
(Reuters) – The Russian rouble firmed past 56 against the dollar on Wednesday for the first time since 2018, and touched a seven-year high against …
S.African central bank eyes digital rand to cut cross-border payment costs
By Rachel Savage and Promit Mukherjee LONDON/JOHANNESBURG – A digital rand in South Africa could cut the high cost of cross-border payments for banks but …
U.S. unlikely to extend Russian debt payment licence, Treasury’s Yellen says
BONN, Germany – The United States is unlikely to extend a soon-to-expire licence that allows Russia to pay U.S. bondholders, Treasury Secretary Janet Yellen said …
Chinese developer Sunac misses bond coupon payment as grace period ends-sources
HONG KONG -Some of Sunac China’s bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the close …
Russian users sue Apple after payment service pulled -lawyers
(Reuters) – A Russian law firm on Friday said it had filed a lawsuit against U.S. tech giant Apple seeking 90 million roubles ($1.28 million) …
Rosneft issues June ESPO crude tender, requests for rouble payment
SINGAPORE – Russia’s top producer Rosneft <ROSN.MM> has issued a tender to sell June-loading ESPO Blend crude, in another attempt to get buyers to pay …
China Evergrande gains six-month extension for Hengda onshore coupon payment
HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 …
Judge sentences St. Louis man to more than 10 years in federal prison for bank fraud in conjunction with the Payment Protection Program (PPP)
ST. LOUIS – Robert Williams, age 58, of St. Louis, Missouri, appeared before United States District Court Judge Matthew T. Schelp on today’s date. Based on …
Six Southern California Companies Ordered to Pay $1.83 Billion in Restitution for Scheming to Avoid Payment of Aluminum Duties
LOS ANGELES – Six Southern California companies today were ordered to pay $1.83 billion in restitution for participating in a conspiracy to defraud the United …
Russia calls for integrating BRICS payment systems
(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate …
Postal Worker Sentenced for Issuing Money Orders Without Receiving Full Payment
NEW ORLEANS, LOUISIANA – United States District Judge Lance M. Africk sentenced SHANNEL SMITH, age 41, of Orleans Parish, Louisiana, to three (3) years of …
CEO of Medical Device Company Charged with Evading Payment of $6 Million in Federal Payroll Taxes
MINNEAPOLIS – A Mounds View man has been charged with tax evasion for failing to pay several years’ worth of payroll taxes, announced U.S. Attorney …
G7 rejects Putin’s demand for rouble payment for Russian gas – Germany
BERLIN – Energy ministers from the Group of Seven industrialized nations reject demands by President Vladimir Putin that “unfriendly” countries pay for Russian gas with …
New Zealand’s NZME, Google to discuss news delivery terms amid fair payment push
– New Zealand media firm NZME said on Friday it has signed a letter of intent with Google to outline terms for news content delivery, …
Asian gas buyers puzzle over Putin’s demand for payment in roubles
By Yuka Obayashi and Heekyong Yang TOKYO – Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries …
Severstal to apply for special licence after Eurobond coupon payment frozen
– Russian steelmaker Severstal said on Wednesday it would apply for a special licence to process a Eurobond coupon payment that Citibank froze. Severstal, whose …
Evraz bond payment blocked, sees link to Abramovich sanction
LONDON – Evraz, the Russian steelmaker whose biggest shareholder is Roman Abramovich, said on Monday a bond coupon payment of nearly $19 million had not …
Euroclear joins bank-backed blockchain payment system
By Huw Jones LONDON – Securities settlement house Euroclear said on Monday it had joined a consortium of banks building a payment system for tokenised …
Russian finance ministry says it has met coupon payment obligations in full
– Russia’s finance ministry on Friday said it had fully met its obligations on paying coupons on dollar-denominated Eurobonds due in 2023 and 2043, and …
China Evergrande meets onshore bondholders over delayed coupon payment
HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said it will meet onshore bondholders on Friday and Saturday to …
Paybotic, a Leading Provider of Affordable Payment Solutions in the Cannabis Industry and Surrounding Markets, Participating in Trade Shows Across the U.S. in March, April, and May 2022
Recognizing the Growing Need for its Cannabis Payment Solution Services, Paybotic to Showcase to Growing Number of Cannabis Business Owners WEST PALM BEACH, Fla., March …
No confirmation yet of key Russian bond payment, bondholder says
LONDON – International bondholders were still waiting on Wednesday to see whether or not Russia would make crucial coupon payments due on two of its …
Russia rouble payment of USD coupons would be a sovereign default -Fitch
NEW YORK – Credit ratings agency Fitch said on Tuesday that if Russia were to make two U.S. dollar bond coupon payments due Wednesday in …
Former Canadian Government Employee Extradited to the United States to Face Charges for Dozens of Ransomware Attacks Resulting in the Payment of Tens of Millions of Dollars in Ransoms
Tampa, FL – A Canadian man was extradited yesterday from Canada to the United States on an indictment returned in the Middle District of Florida …
Mallinckrodt Agrees to Pay $260M to Settle False Claims Act Lawsuit Alleging Payment of Illegal Kickbacks and Medicare Drug Rebate Underpayments
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that pharmaceutical company Mallinckrodt ARD LLC (previously Questcor Pharmaceuticals, Inc., “Questcor,” and collectively “Mallinckrodt”), has agreed …
Monmouth County Brother and Sister Arrested for Conspiring to Evade Payment of $1.5 Million in Payroll Taxes
TRENTON, N.J. – A Monmouth County, New Jersey, brother and sister were arrested today on charges of tax evasion, U.S. Attorney Philip R. Sellinger announced. …
CEO Of Payment Protection Program Lender MBE Capital Arrested In Connection With Fraudulent Loan And Lender Applications
Damian Williams, the United States Attorney for the Southern District of New York, Thomas Fattorusso, Special Agent-in-Charge of the New York Field Office of the …
Factbox-Key Russian sovereign and corporate bond payment deadlines in coming days
LONDON – Tough Western sanctions on Russia and rhetoric from Moscow have raised doubts about whether the Russian government and the country’s companies will continue …
Western Leaders Split On Whether To Boot Russia From Major Payment System
Western leaders are divided on the question of whether to kick Russia out of a major international payment system, a move that could cripple the …
Chinese investors make Ukraine war bets on oil, payment firms
SHANGHAI -Shares in energy firms and payment service companies rose sharply on Chinese markets on Monday as investors bet on stocks they saw potentially benefiting …
Momentum grows to ban Russia from SWIFT payment system
WASHINGTON – Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank …
Russian oil exports continue despite payment issues – sources
MOSCOW/LONDON – Russian oil exports continued to flow to Europe and onwards on Friday, even as Russian sellers and Western buyers said they struggled with …