Posts Tagged ‘payment’

JC Penney Makes $17 Million Interest Payment

Update (1011ET): Despite expectations of an imminent filing, JC Penney announced Friday morning that it had made a $17 million interest payment that was due on May 7. JCP had entered the “grace period” after missing the payment. During that time, it “evaluated strategic alternatives” and, apparently, ultimately decided to buy itself more time. Here’s […]

‘Obstruction attempt’: Iran rejects US claim that it’s hoarding Venezuela’s gold as payment for economic aid

Seyd Abbas Mousavi described allegations that Iran is taking gold from Venezuela as “baseless comments” that are intended to mount more pressure on the South American nation. Such claims by the US government are “an attempt to obstruct the Venezuelan government’s plans for reviving that country’s refineries and producing oil products, including gasoline, a shortage […]

Lebanon Announces Default On $1.2BN Debt Payment In Historical First

By Tyler Durden Lebanon announced Saturday it will default on its Eurobond debt for the first time in its history. The protest-racked country has seen a recent change in government, banks opened for merely about half of the past few months, strict controls on hard currency withdrawals and transfers abroad amid a liquidity crisis, a plummeting Lebanese Lira […]

Lebanon Announces Default On $1.2BN Debt Payment In Historical First

Lebanon announced Saturday it will default on its Eurobond debt for the first time in its history. The protest-racked country has seen a recent change in government, banks opened for merely about half of the past few months, strict controls on hard currency withdrawals and transfers abroad amid a liquidity crisis, a plummeting Lebanese Lira since October, a run […]

CBI chief reacts to Swiss payment channel for food, medicine delivery to Iran

MNA – The Governor of the Central bank of Iran (CBI) reacted to the Thursday trial operation of a humanitarian channel for the delivery of foodstuff and medicine to Iran without tripping over the US sanctions. “If Americans really mean it when they say they are helping with the supply of medicine and agricultural goods, […]

Russia, China & India to set up alternative to SWIFT payment system

Members of the BRICS trade bloc Russia, India, and China have decided to connect their financial messaging systems to bypass the SWIFT international money transfer network. Russia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India does not have a domestic financial messaging system […]

Trump Campaign To Sue CNN For “Substantial Payment” After Project Veritas Undercover Exposé

October 18, 2019 By Tyler Durden The Trump administration plans to sue CNN over bias and “wrongful practices” following revalations contained in a recent Project Veritas undercover exposé. In a four-page letter to CNN, its CEO Jeff Zucker and Executive VP David Vigilante, Trump attorney Charles J. Harder provided several examples of bias against Trump, who seeks “a substantial payment of […]

Iran denies ships carrying grain are held up outside ports over payment

Press TV – Iranian authorities have rejected reports suggesting that ships carrying imports of food and grain have been stuck outside two main ports in southern Iran simply because American sanctions on the country are creating payment problems.   A senior government official in the southern Iranian province of Khuzestan confirmed on Thursday that ships […]

Kremlin doesn’t rule out collaboration on INSTEX payment mechanism for trade with Iran

Sputnik – Iranian Foreign Minister Mohammad Javad Zarif previously noted that the EU mechanism for bilateral transactions with Tehran bypassing US sanctions could include other interested countries, such as Russia and Turkey. Kremlin spokesman Dmitry Peskov said that Moscow is closely following the INSTEX issue, stressing its importance. “This is an important project that aims […]

Nuvei to acquire payment technology company SafeCharge for $890 million

Nuvei Corporation has agreed to pay $889 million in cash for payment technology company SafeCharge International Group Ltd., the company announced Wednesday. The deal will see Nuvei pay $5.55 for each SafeCharge share, representing a 25% premium to the London-listed company’s stock on Tuesday market close. SafeCharge listed in 2014 at a company valuation of […]

Big Pharma drug company unveils mortgage-like payment plan for its $850,000 treatment for blindness … You’ll keep paying for YEARS

(Natural News) How much is your sight worth? What sacrifices would you be willing to make to keep your vision, if you knew you had an irreversible degenerative disease that was guaranteed to claim it from you in the coming years? That is the question Big Pharma’s Spark Therapeutics is asking patients […]

Facebooks chooses London for WhatsApp payment

Facebook has chosen London as its base for a payment system on WhatsApp, its mobile messaging service confirmed Wednesday, highlighting the capital’s attractiveness as a fintech hub despite Brexit strains. The Financial Times said that WhatsApp would hire about 100 staff, with most of the required software engineers based in London but with others […]

India to import Iranian oil using rupee payment mechanism: source

Reuters – India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday, adding that 50 percent of those payments will be used for exporting items to Tehran. India’s state-owned UCO Bank is expected to announce the payment mechanism in the next 10 days, […]

EU payment system not to address major issues in trade with Iran: US author

Tasnim – An American author cast doubt over the practicality of the Special Purpose Vehicle (SPV), a special payment channel created by Europe as part of its efforts to keep trade flowing with Iran in defiance of the US sanctions. “I think it is possible that this proposed Special Purpose Vehicle may come into being, […]

Iran’s coverage: France, Germany may host Iran payment channel

Daily look at Iran’s late-breaking news and upcoming events:   France and Germany step in to circumvent Iran sanctions France and Germany have joined forces to rescue a European effort to create a payments channel to keep trade flowing with Iran, defying U.S. attempts to take the air out of the plan, senior diplomats said. […]

EU succumbs to US pressure over alternative payment channel for Iran

     Plans by Brussels to create a special payment channel to continue doing business with Iran and bypass US economic sanctions against the country, are now in tatters, as no EU country has agreed to support the idea. All the members of the 28-nation bloc are reportedly scared by the punitive measures that Washington may […]

Russia’s alternative to SWIFT payment system poised to eclipse the original – MP

     Russia’s money transfer system, developed as an alternative to SWIFT is now more popular than the global network, said Anatoly Aksakov, head of the Russian parliamentary committee on financial markets. He explained that Moscow is already engaged in talks with Chinese, Turkish and Iranian financial regulators on integrating its System for Transfer of Financial […]

Russia-Led Regional Payment Network Could Blunt US Sanctions On Iran

Russia-Led Regional Payment Network Could Blunt US Sanctions On Iran Above Photo: REUTERS/Sergei Karpukhin. A board with the currency exchange rates of the US dollar and the euro against the Russian ruble is on display outside a bank branch in Moscow, Russia, April 10, 2018. Russia is reportedly making preparations to establish a regional integrated payment […]

Germany Calls For New Global Payment System Independent of The US

 In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between Iran […]

Introducing the Simple Payment Widget

Since the introduction of the Simple Payment Button, we’ve been looking for more ways to streamline payments on and Jetpack-enabled sites. Today, we’re introducing a new variant of the Simple Payment Button, available to Premium and Business plan subscribers and to Jetpack sites on Premium and Professional plans. Take payments anywhere on your […]

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