Mark Frey

This.

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today completed the acquisition of Global Reach, an international cross-border payments provider. Welcome to the Corpay Cross-Border team!

Showing the ruble at 111 on offshore markets at the moment, meaning that the currency has dropped roughly -30% from early-February levels. Onshore inflation is likely approaching late-nineties levels. The human suffering must be immense.

After the Bank of Russia imposed capital controls and doubled benchmark interest rates, the ruble recovered somewhat, climbing back toward the 100 mark (although pricing remains very thin and erratic). This implies an ~-18% drop from Friday levels.

Absolutely brutal collapse in the ruble tonight - down more than 40%. This exceeds the loss suffered on August 26, 1998 during the height of the Russian Financial Crisis.

Just for folks who don’t do FX/or are without BBG/Reuters, we’re not seeing any activity on ruble yet. No one is making a market - but that’s normal for this time slot. Volumes typically begin to pick up at around 16:00 EDT, and don’t reach normal levels till well after 17:00.

Corpay's Karl Schamotta (@vsualst), joins @BNNBloomberg to discuss the market reaction to inflation figures. He says that a sell-off in the market is to be expected as investors anticipate an interest rate hike to address rising inflation. Watch it here: buff.ly/3fKa9OA

Damn. Carl Sagan pretty much nailed it back in 1995.

Have you watched our webinar on “Intercompany Netting for Global Companies” with Jim Kessler? What it on-demand! buff.ly/32cH6Q8

Did you miss our webcast "Creative Destruction: Innovation and Change in the Post-Pandemic Global Economy" with Karl Schamotta? Watch it on-demand: buff.ly/3p48eKg

Have you registered for the “Creative Destruction: Innovation and Change in the Post-Pandemic Global Economy” webinar on December 16th at 2:00 pm EDT with Karl Schamotta? Register here: buff.ly/3cJukKZ

I’m not sure where the phrase “working like a dog” comes from. These guys are barely awake, let alone work.

Explore our Resource Center! Our traders and strategists are sensitive to global market trends, and we communicate these shifts with our customers on an ongoing basis, through a suite of resources. buff.ly/3ahzElh

@deAdder I couldn’t agree more!

The first statement Trump ever made I agree with.

Due to Debbie’s Villas growth plans, alongside the volatile movements in the currency markets, they needed to look for a solution which could automate their payments and FX hedging processes through the use of technology. Read our case study: buff.ly/31s3qFj

Great West Equipment “GWE” frequently buys equipment and parts in USD and they needed to improve their management of FX risk for these purchases. Read our case study to find out how Cambridge’s solutions helped to solve the challenges they were facing. buff.ly/3FHGVuA

Along with global ambassador @leylahfernandez, we're proud to officially announce a new name for our partner, Cambridge Global Payments. Cambridge Global Payments ➡️ is now Corpay @CorpayFX | #TheSmarterWaytoPay

Are you interested in expanding business channels and offering wider payment capabilities to your clients? Expand your Cross-Border Payment Solutions and learn more here: buff.ly/3qy26eg