Newsletter March 2013

Dear friends and colleagues,

Please receive our summary of business articles for this month.

I hope you will find this material useful.

With very best regards,

Armando Nuricumbo, CPA

Finance. Business Development. Strategy.

Nuricumbo + Partners

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IN FOCUS

Is Mexico the New China?

http://www.forbes.com/sites/hannahelliott/2013/06/05/ferrari-head-mexico-is-the-next-china/

GLOBAL ECONOMY

Swiss are the Happiest People in the World 

http://247wallst.com/2013/05/29/the-happiest-countries-in-the-world-3/

Gates Widens Lead Over Slim as Richest Lose $27 Billion

http://www.bloomberg.com/news/2013-05-31/gates-widens-lead-over-slim-as-richest-lose-27-billion.html

Americans Struggle to Rebuild Wealth Lost in Recession 

http://www.washingtonpost.com/business/economy/americans-have-rebuilt-less-than-half-of-wealth-lost-to-the-recession-study-says/2013/05/30/7d29a878-c930-11e2-8da7-d274bc611a47_story.html?hpid=z11

FINANCE AND ACCOUNTING

SEC Fines Nasdaq $10M over Facebook IPO 

http://www.cnbc.com/id/100736915

Finance and Accounting Execs see Areas for Improvement 

http://blogs.wsj.com/cfo/2013/05/29/companies-expect-to-play-catch-up-on-forecasting-survey/

Georg Fischer to Switch from IFRS to Swiss GAAP FER Accounting Standard

http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/media-releases-2013/georg-fischer-toswitchfromifrstoswissgaapfer.html

MEXICO AND LATIN AMERICA

Resultados Índice Mexicano de Confianza Económica (IMCE) - Mayo 2013

http://imcp.org.mx/imce

Entrevista con Rogerio Casas Alatriste, Presidente de la Junta de Asistencia Privada del D.F.

http://www.aapaunam.mx/Revista/REV-A4-VOL4-AbrilJun/C.P.-Rogerio_Casa_Alatriste.pdf

OTHER TOPICS

8 Tips for Successful Business Development

https://www.openforum.com/articles/8-tips-for-successful-business-development/?extlink=sm-openf-sb-promos

7 Ways for Leaders to Be Less Heroic 

http://smartblogs.com/leadership/2013/05/15/its-the-small-things-that-make-a-leader-great/

WHAT TO DO IN MEXICO CITY?

Roma-Condesa: 111 years of history

http://elmodo.mx/exposiciones/roma-condesa-2/

Bistro Charlotte: Small, cozy Bistrot with amazing food in heart of Polanco

http://www.chilango.com/restaurantes/polanco/bistro-charlotte

Lissy Quartet: Music of Strauss, Mozart and Mahler, at Sala Nezahualcóyotl

http://www.musica.unam.mx/index.php?option=com_content&view=category&layout=blog&id=12&Itemid=168

Juana in a Million: Winner of the Fringe First Edinburgh Festival

http://angloarts.mx/evento.php?id_evento=1108

KEY MEXICO STATISTICS 2013

(Source: Mexico Central Bank)

MAY / APR / MAR

 Exchange Rate: MXN to USD

12.8035 / 12.1456 / 12.3612

 Exchange Rate: MXN to EUR

16.6330 / 15.8816 / 15.7840

 Exchange Rate: MXN to CAD

12.3609 / 12.0467 / 12.1743

 Exchange Rate: MXN to GBP

19.6861 / 19.1734 / 18.9325

 Country Risk (basis points)

154 / 149 / 157

 Bolsa (IPC BMV)

41,588.32 / 42,263.48 / 44,077.09

 Cetes 28d

3.71% / 3.76% / 3.95%

 Inflation

4.65% / 4.25% / 3.55%

 UDIs

4.962344 / 4.971524 / 4.941512

IMCE (Economic Confidence)

73.83 / 74.62 / 76.85

 International Reserves (M USD)

167,487.8 / 167,135.8 / 165,820.0

  

Graphical Summary of Key Mexico Statistics at:

http://es.slideshare.net/nuricua/key-mexico-statistics-march-may-2013

"Doubt can only be removed by action." - Johann Wolfgang von Goethe