Blog

Independent consultant. Audit. Finance. Tax. Risk.

domingo, 10 de marzo de 2013


The Legacy of Hugo Chavez
Even before his death, Hugo Chávez had joined Fidel Castro and Ernesto “Che” Guevara in the pantheon of Latin American leaders who enjoy instant global recognition.
  

GLOBAL ECONOMY

Obama Orders Cuts That Will Be ‘Slow Grind’ on Economy
President Obama ordered $85 billion in government spending cuts, beginning a potentially decade-long wave of belt-tightening that risks U.S. economic growth.

Raising Interest Rates Early Risks Stifling Growth
Federal Reserve Chairman Ben S. Bernanke signaled he will keep the Fed’s target interest rate low to support the economy.

EU's Soft Power in Congo Toothless on 'Conflict Minerals'
Congolese rebels are plundering the country’s natural resources to finance guns but the EU remains powerless to compel companies’ minerals purchases.  

Georg Fischer: Resilient thanks to Global Footprint
Despite a clear market slowdown in Europe, Georg Fischer generated a turnover of CHF 3.6 billion in 2012, 3 percent above the 2011 figure.
  

FINANCE AND ACCOUNTING

The Growing Risk of being a CFO 
The range of legal liability attached to the CFO is widening, making the position riskier than ever.

SEC seeks Input on Credit Rating Reform 
The Securities and Exchange Commission plans to hold a round table in May to discuss possible reform of credit rating agencies.

Business Groups Push for Even More Clarity on FCPA 
The U.S. Chamber Institute for Legal Reform, 30 state, national and international business and advocacy groups, are calling to clarify the Foreign Corrupt Practices Act.

Russell Indexes to Reclassify Greece as Emerging Market
Russell Investments, which advises funds with $2.4 trillion in assets, will reclassify Greece to an emerging from a developed market.


MEXICO AND LATIN AMERICA

Latin America, not Europe, should be Key UK Trade Partner
Europe is in relative decline, while the wider world is in expansion, so the UK must refocus its trade partnerships and international agreements.

Mexico's ruling Party opens Door to Tax, Energy Changes
Mexico's ruling party paved the way for possible tax hikes and an overhaul of state oil giant Pemex as it seeks to spur growth in Latin America's second-biggest economy.

U.S. Deal has Brazil's Embraer Flying High in Defense
With its first-ever U.S. military contract in hand, the defense unit of Brazilian planemaker Embraer SA has finally hit the big time.

Resultados IMCE Febrero 2013
En Febrero de 2013 el sentimiento general sobre la situación de los negocios mostró cambios negativos en comparación con el mes anterior. El IMCE TOTAL de Febrero de 2013 arrojó 73.12 puntos contra 76.88 puntos en Enero.
  

OTHER TOPICS

Entrevista con Alfred Laengle, Embajador de Austria en México
El Excelentísimo Señor Embajador nos recibió en las instalaciones de la Embajada donde conversó con nosotros sobre economía, educación y cultura entre ambos países.

  
KEY MEXICO STATISTICS 2013
(Source: Mexico Central Bank)

FEB / JAN / DIC

Exchange Rate: MXN to USD
12.7795 / 12.7094 / 12.9658

Exchange Rate: MXN to EUR
16.7641 / 17.2238 / 17.0889

Exchange Rate: MXN to CAD
12.4254 / 12.7453 / 13.0310

Exchange Rate: MXN to GBP
19.6762 / 20.4618 / 21.3217

Country Risk (basis points)
147 / 120 / 128

Bolsa (IPC BMV)
44,120.99 / 45,278.06 / 43,705.83

Cetes 28d
4.13% / 4.23% / 4.04%

Inflation
3.25% / 3.57% / 4.18%

UDIs
4.917465 / 4.890525 / 4.874624

IMCE (Economic Confidence)
73.12 / 76.88 / 75.72

International Reserves (M USD)
164,714.8 / 163,432.9 / 163,591.8

Graphical Summary of Key Mexico Statistics at:



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