Newsletter March 2013

Dear friends and colleagues,

Here is our latest summary of business articles.

I hope you will find them useful.

With very best regards,

Armando Nuricumbo, CPA

Finance. Business Development. Strategy.

Nuricumbo + Partners

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 IN FOCUS

The Best Airports in the World

Here is a ranking of the planet's best airports, released by Skytrax, a company specializing in airline and airport research.

http://www.economist.com/blogs/gulliver/2013/04/airport-rankings

  

GLOBAL ECONOMY

 BRICS Finance Ministers Approve Development Bank 

The finance ministers of Brazil, Russia, India, China and South Africa have approved a plan to create an international development bank, similar to the World Bank and IMF.

http://www.bdlive.co.za/economy/2013/03/27/gordhan-signals-progress-as-brics-bank-takes-shape

 Obama Touts 'Rebuild America' Plan for U.S. Job Creation

President Barack Obama highlighted his proposals to create jobs through spurring private spending on highways, airports and bridges as a way to upgrade infrastructure.

http://www.bloomberg.com/news/2013-03-29/obama-touts-rebuild-america-plan-for-u-s-job-creation.html

 Shareholders of Georg Fischer Ltd. Approve all Board Proposals

At the 117th Annual Shareholders' Meeting of Georg Fischer, the shareholders voted in favor of all the proposals to re-elect the Board of Directors for a three-year period.

http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/media-releases-2013/shareholders-of-georg-fischer-ltd-approve-all-board-proposals.html

 FINANCE AND ACCOUNTING

 Resources Global Professionals Launches New Business Performance Service

RGP, leading multinational provider of professional services, launches new service to assist clients to create an efficient and secure reporting and analysis environment.

http://ir.resourcesglobal.com/releasedetail.cfm?ReleaseID=751514

 Surveys find more Independence for Internal-audit Function 

Internal audit is moving away from the CFO and closer to the board of directors; this indicates growing independence for the audit function.

http://www3.cfo.com/article/2013/3/auditing_internal-audit-reporting-iia-pricewaterhousecoopers-federal-reserve

 Companies Still Find Payment Fraud a Problem 

Payment fraud is still prevalent among companies, according to the Association for Financial Professionals' Payments Fraud and Control Survey.

http://www3.cfo.com/article/2013/3/cash-management_payments-fraud-check-corporate-card-purchasing-ach-positive-pay-afp

  

MEXICO AND LATIN AMERICA

 British Firms Explore Trade Opportunities in Mexico and Colombia

A four-day trade mission to Mexico and Colombia by medium-sized British businesses took place in March, focusing on high value opportunities in key sectors.

http://www.ukti.gov.uk/pt_pt/uktihome/media/pressRelease/460640.html?null

 VIP Interview: Enrique Peña Nieto, Forging the Future

Enrique Peña Nieto, President of Mexico, on a new spirit of democracy and cooperation, and the economic future of Mexico.

http://www.thebusinessyear.com/vip_interview/1594/enrique-pe%C3%B1a-nieto

Resultados IMCE Marzo 2013

En Marzo de 2013 el sentimiento general sobre la situación de los negocios mostró cambios positivos en comparación con el mes anterior. El IMCE TOTAL de Marzo de 2013 arrojó 76.85 puntos contra 73.12 puntos en Febrero (+3.73 puntos).

http://imcp.org.mx/publicaciones/indice-mexicano-de-confianza-economica-marzo-2013#.UWiRUhYo5D8

OTHER TOPICS

Not a Happy Accident: Google Deliberately Designs Workplace Satisfaction

People often point to Google's extravagant employee perks as the reason its workforce is so happy, but the truth is a little different.

http://www.fastcompany.com/3007268/where-are-they-now/not-happy-accident-how-google-deliberately-designs-workplace-satisfaction

 How to Manage a Negative Employee

Negative employees can take a serious toll on your company's culture. It is advisable to reject excuses for their poor behavior and setting up time frames for their attitudes.

http://blog.intuit.com/employees/how-to-manage-a-negative-employee/

 Entrevista con E.G. Dereymaeker, Embajador de Bélgica 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.

http://www.aapaunam.mx/Revista/REV-A4-VOL4-AbrilJun/BoudewijnEG_Embajador_Belgica.pdf

  

KEY MEXICO STATISTICS 2013

(Source: Mexico Central Bank)

 MAR / FEB / JAN

 Exchange Rate: MXN to USD

12.3612 / 12.7795 / 12.7094

 Exchange Rate: MXN to EUR

15.7840 / 16.7641 / 17.2238

 Exchange Rate: MXN to CAD

12.1743 / 12.4254 / 12.7453

 Exchange Rate: MXN to GBP

18.9325 / 19.6762 / 20.4618

 Country Risk (basis points)

157 / 147 / 120

 Bolsa (IPC BMV)

44,077.09 / 44,120.99 / 45,278.06

 Cetes 28d

3.95% / 4.13% / 4.23%

 Inflation

3.55% / 3.25% / 3.57%

 UDIs

4.941512 / 4.917465 / 4.890525

 IMCE (Economic Confidence)

76.85/ 73.12 / 76.88

 International Reserves (M USD)

165,820.0 / 164,714.8 / 163,432.9

  

Graphical Summary of Key Mexico Statistics at:

http://es.slideshare.net/nuricua/newsletter-marzo-2013

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- Lao Tsu