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domingo, 15 de diciembre de 2013

Newsletter November 2013

Dear friends and colleagues,
Please receive our summary of business articles for this month.
With very best regards,
Armando Nuricumbo, CPA

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IN FOCUS
Biggest Economic Reform in Mexico since NAFTA

GLOBAL ECONOMY
Portugal Gets First IPO in Five Years After 70% Slump
India Growth Quickens From Four-Year Low as Rate Increases Loom
Traders Ignore S&P Decision to Cut Netherlands Credit Rating

FINANCE AND ACCOUNTING
Eight biggest issues facing CFOs in 2014
Rates will stay Low after Bond buying Ends: Bernanke

MEXICO AND LATIN AMERICA
Why the Mexican Drug Cartels aren't just about Mexico or Drugs Anymore
Historic Nestle Investment of 370 MUSD in Mexico
2015: El año del Reino Unido en México y de México en el Reino Unido
Mantiene México Superávit Comercial con Canadá

OTHER TOPICS
Entrevista con Alfred Laengle, Embajador de Austria en México
10 Innovations that Improved the World in 2013
28 Signs You're Dealing With a Youngest Child

¿Buscas una excelente opción para adquirir tu automóvil en arrendamiento?

WHAT TO DO IN MEXICO CITY
Elena Poniatowska, Premio Cervantes de Literatura
Lebanese Gastronomic Offer in Mexico City

KEY MEXICO STATISTICS 2013
(Source: Mexico Central Bank)
NOV / OCT / SEPT
Exchange Rate: MXN to USD
13.1101 / 13.0067 / 13.1747
Exchange Rate: MXN to EUR
17.8271 / 17.7385 / 17.7858
Exchange Rate: MXN to CAD
12.3716 / 12.4642 / 12.7894
Exchange Rate: MXN to GBP
21.7059 / 21.1971 / 21.5909
Country Risk (basis points)
184 / 172 / 177
Bolsa (IPC BMV)
42,499.13 / 41,038.65 / 40,185.23
Cetes 28d
3.40% / 3.38 % / 3.50%
Inflation
3.36% / 3.39 % / 3.46%
UDIs
5.018606 / 4.987942 / 4.968770
IMCE IMCP BURSAMETRICA (Economic Confidence)
70.69 / 68.22 / 67.70
International Reserves (M USD)
$175,882.00 / $174,261.6 / $173,031.7

Graphical Summary of Key Mexico Statistics at:

"Small opportunities are often the beginnings of great enterprises." - Demosthenes


sábado, 9 de noviembre de 2013

Newsletter October 2013

Dear friends and colleagues,
Please receive our summary of business articles for this month.
With very best regards,
Armando Nuricumbo, CPA

IN FOCUS
Tax Changes in Mexico that May Affect Your Business

GLOBAL ECONOMY
The Price of Precious: Conflict Minerals
Engines of U.S. Growth Hard to Find
Stocks Cap Biggest Rally in Two Years to Beat Bonds, Commodities
Spain's Outlook Revised to Stable by Fitch

FINANCE AND ACCOUNTING
Be The Best Consultant Ever: 6 Things That Will Make You Great
More than 10% of S&P 500 Companies have Zero Effective Tax Rate 
What Allstate's Swain thinks is Important in Fraud Prevention  

MEXICO AND LATIN AMERICA
Resultados Índice Mexicano de Confianza Económica (IMCE IMCP-BURSAMETRICA) Octubre 2013
Reforma Fiscal ¿Oportunidad o amenaza? Centro de Opinión Pública UVM
Cancelan 200 Empresas Mineras Canadienses Inversión en México
Brazil Pledges 20% Cut in State Bank Lending to Narrow Deficit

OTHER TOPICS
Lourdes Garduño, Ex-Directora del Museo del Objeto del Objeto
How Companies can Sabotage their Best Effort at Innovation 
Presentan Campaña "Great Britain"

SPONSOR
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WHAT TO DO IN MEXICO CITY
International Book Fair at the Arts National Center
Opera: Giacomo Puccini's "La Boheme" at Bellas Artes
Baroque Organ International Festival: Oaxaca, Mexico City, Aguascalientes and Puebla
55° International Film Show

KEY MEXICO STATISTICS 2013
(Source: Mexico Central Bank)
OCT / SEPT / AUG
Exchange Rate: MXN to USD
13.0067 / 13.1747 / 13.3415
Exchange Rate: MXN to EUR
17.7385 / 17.7858 / 17.6628
Exchange Rate: MXN to CAD
12.4642 / 12.7894 / 12.6374
Exchange Rate: MXN to GBP
21.1971 / 21.5909 / 20.9939
Country Risk (basis points)
172 / 177 / 189
Bolsa (IPC BMV)
41,038.65 / 40,185.23 / 39,492.37
Cetes 28d
3.38 % / 3.50% / 3.83%
Inflation
3.39 % / 3.46% / 3.47%
UDIs
4.987942 / 4.968770 / 4.950951
IMCE (Economic Confidence)
68.22 / 67.70 / 70.81
International Reserves (M USD)
$174,261.6 / $173,031.7 / $169,869.8

Graphical Summary of Key Mexico Statistics at:



martes, 8 de octubre de 2013

Newsletter September 2013

Dear friends and colleagues,
Please receive our summary of business articles for this month.
With very best regards,
Armando Nuricumbo, CPA

IN FOCUS
10 Must-Have Skills for Next Generation CFOs 

GLOBAL ECONOMY
IMF warns of Catastrophe if Debt Ceiling is Breached 
European Central Bank chooses to Keep Main Financing Rates on Hold
Manufacturing Increasingly Onshores Work 
Resultados IMCE IMCP-BURSAMETRICA Septiembre 2013

FINANCE AND ACCOUNTING
Resources Global Professionals Announces Data Governance Service Offering
FASB Eyes Greater Simplicity as a Goal 
Emerging-Market Currencies Fall 30% in Reserves
M&A Often Means Credit Rating Downgrade: S&P

MEXICO AND LATIN AMERICA
Minera Canadiense Invertirá en Durango, México
Mexican Conservatives show Openness on Reform Tied to Energy Bill
Brazil's Odebrecht plans $8.1 billion landmark investment in Mexico
Mexico's Carlos Slim welcomes Telecom Challenge from Britain's Richard Branson

OTHER TOPICS
Entrevista con Suichiro Megata, Embajador de Japón en México
Look for Nontraditional Networking Contacts 

SPONSOR
¿Buscas una excelente opción para adquirir tu automóvil en arrendamiento?

WHAT TO DO IN MEXICO CITY
Exhibition: El Rock en México. 1955-2010
85th Anniversary of the National Symphonic Orchestra: 2nd Season 2013
Richard III: The Dream by William Shakespeare at the Helenico Theater
Alfred Hitchcock: His First 9 Restored Pictures by the British Film Institute National Archive
70th Anniversary of the National College 1943 - 2013

KEY MEXICO STATISTICS 2013
(Source: Mexico Central Bank)
SEPT / AUG / JUL
Exchange Rate: MXN to USD
13.1747 / 13.3415 / 12.8464
Exchange Rate: MXN to EUR
17.7858 / 17.6628 / 17.0266
Exchange Rate: MXN to CAD
12.7894 / 12.6374 / 12.4922
Exchange Rate: MXN to GBP
21.5909 / 20.9939 / 19.7581
Country Risk (basis points)
177 / 189 / 171
Bolsa (IPC BMV)
40,185.23 / 39,492.37 / 40,837.88
Cetes 28d
3.50% / 3.83% / 3.88%
Inflation
3.46% / 3.47% / 4.09%
UDIs
4.968770 / 4.950951 / 4.947882
IMCE (Economic Confidence)
67.70 / 70.81 / 73.52
International Reserves (M USD)
$173,031.7 / $169,869.8 / $168,247.4

Graphical Summary of Key Mexico Statistics at:

"You can't put a limit on anything. The more you dream, the farther you get." - Michael Phelps

jueves, 12 de septiembre de 2013

Newsletter August 2013

Dear friends and colleagues,
Please receive our summary of business articles for this month.
With very best regards,
Armando Nuricumbo, CPA

IN FOCUS
Mexico Unveils Latest Plan for Tax Reform

GLOBAL ECONOMY
U.S. reportedly Seeks Advice on Oil Impact of Syrian attack 
Worst of Crisis over for Asian Emerging Markets
Euro-Area Manufacturing Expands on Surge in Italy, Spain

FINANCE AND ACCOUNTING
Currencies in Emerging Markets Plummet 
Switzerland and U.S. Reach Tax Deal 
U.S. bank industry profits hit record $42.2 billion in second quarter

MEXICO AND LATIN AMERICA
Canadá fortalece su Presencia Minera en México
S&P cautious on Mexico tax plan, eyes possible upgrade
Brazil, Mexico ask U.S. to explain if NSA spied on presidents
Entrevista con Marcos Raposo, Embajador de Brasil en México
Resultados Índice Mexicano de Confianza Económica (IMCE) Agosto 2013

OTHER TOPICS
Good Leaders Listen and Stay Positive 
Hidden Risks for Enterprises as they move to the Cloud 
HR's Strategic Role is of Growing Importance to CFOs 

SPONSOR
¿Buscas una excelente opción para adquirir tu automóvil en arrendamiento?

WHAT TO DO IN MEXICO CITY
Exhibition: El Rock en México. 1955-2010
Exhibition: Mexico through Photography, 1839 - 2010
World Press Photo at the Franz Mayer Museum

KEY MEXICO STATISTICS 2013
(Source: Mexico Central Bank)
AUG / JUL / JUN
Exchange Rate: MXN to USD
13.3415 / 12.8464 / 13.0279
Exchange Rate: MXN to EUR
17.6628 / 17.0266 / 17.0236
Exchange Rate: MXN to CAD
12.6374 / 12.4922 / 12.3609
Exchange Rate: MXN to GBP
20.9939 / 19.7581 / 20.0660
Country Risk (basis points)
189 / 171 / 206
Bolsa (IPC BMV)
39,492.37 / 40,837.88 / 40,623.30
Cetes 28d
3.83% / 3.88% / 3.82%
Inflation
3.47% / 4.09% / 4.63%
UDIs
4.950951 / 4.947882 / 4.952064
IMCE (Economic Confidence)
70.81 / 73.52 / 71.94
International Reserves (M USD)
$169,869.8 / $168,247.4 / $166,376.6

Graphical Summary of Key Mexico Statistics at:

"Better late than never. But never late is better."



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