Newsletter July 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

Mexico: The Time for Energy Reform Has Arrived

http://www.forbes.com/sites/energysource/2013/08/06/mexico-energy-debate/

GLOBAL ECONOMY

UK and Mexico Hold Successful Economic Talks

https://www.gov.uk/government/news/uk-and-mexico-hold-successful-economic-talks

Increased Market Share supports Performance at Georg Fischer

http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/media-releases-2013/increased-marketsharesupportsperformance.html

China’s Manufacturing Unexpectedly Strengthens

http://www.bloomberg.com/news/2013-08-01/china-s-manufacturing-unexpectedly-strengthens-in-boost-for-li.html

Mario Draghi’s Policy Pause Seen as Signal of European Recovery

http://www.bloomberg.com/news/2013-07-31/draghi-policy-pause-seen-as-signal-of-nascent-european-recovery.html

FINANCE AND ACCOUNTING

¿Para qué nos sirve medir la confianza económica?

http://www.elfinanciero.com.mx/component/content/article/40-opinion/27371-el-imcp-comunica-ipara-que-nos-sirve-medir-la-confianza-economica.html

Obama Plans Proposal for Comprehensive Tax Reform 

http://www.reuters.com/article/2013/07/30/us-usa-obama-idUSBRE96T0F820130730

SEC readies Rule on Disclosure of CEO Pay 

http://thehill.com/blogs/regwatch/finance/314337-sec-chair-ceo-to-worker-pay-disclosure-rule-coming-in-near-future

S&P 500 Companies' Pensions are underfunded by $451.7B 

http://www.cnbc.com/id/100928506

MEXICO AND LATIN AMERICA

Resultados Índice Mexicano de Confianza Económica (IMCE) Julio 2013

http://imcp.org.mx/publicaciones/indice-mexicano-de-confianza-economica-julio-2013#.UfxSbJK1Fx4

Excelentes Relaciones Diplomáticas México – Canadá

http://www.eluniversal.com.mx/nacion-mexico/2013/cancilleres-mexico-canada-938485.html

Brazilian Real Falls to Four-Year Low, Stoking Inflation Concern

http://www.bloomberg.com/news/2013-07-30/brazilian-real-falls-to-four-year-low-stoking-inflation-concern.html

OTHER TOPICS

Abuela Enojada Dice sus Verdades a Políticos: Son unos Sinvergüenzas

http://www.vanguardia.com.mx/video-abuelaenojadacausapolemicaenredespordecirlesusverdadesapoliticos-1791510.html

Entrevista con Alfred Längle, Excelentísimo Embajador de Austria en México

http://www.aapaunam.mx/Revista/REV-A4-VOL4-JulSep/Entrevista_Embajador_de-Austria-en-Mexico.pdf

A Plugged-in Vacation Might Not Recharge your Batteries

http://www.cnbc.com/id/100904225

Why "makers" stay ahead of "takers" 

http://www.inc.com/geoffrey-james/are-you-an-maker-or-a-taker.html

WHAT TO DO IN MEXICO CITY?

Reopening of Luis Bunuel’s House in Mexico City

http://www.chilango.com/cine/nota/2013/07/30/la-casa-bunuel-ya-reabrio

British Thrillers: Cinema Season at the Anglo

http://www.angloarts.mx/evento.php?id_evento=1116

Voces y Trazos de Grandes Maestros: Museo Nacional de San Carlos

http://treff3.net/index.php?option=com_k2&view=item&id=1881:voces-y-trazos-de-grandes-maestros&Itemid=88&lang=de

KEY MEXICO STATISTICS 2013

(Source: Mexico Central Bank)

JUL / JUN / MAY

Exchange Rate: MXN to USD

12.8464 / 13.0279 / 12.8035

Exchange Rate: MXN to EUR

17.0266 / 17.0236 / 16.6330

Exchange Rate: MXN to CAD

12.4922 / 12.3609 / 12.3609

Exchange Rate: MXN to GBP

19.7581 / 20.0660 / 19.6861

Country Risk (basis points)

171 / 206 / 154

Bolsa (IPC BMV)

40,837.88 / 40,623.30 / 41,588.32

Cetes 28d

3.88% / 3.82% / 3.71%

Inflation

4.09% / 4.63% / 4.65%

UDIs

4.947882 / 4.952064 / 4.962344

IMCE (Economic Confidence)

73.52 / 71.94 / 73.83

International Reserves (M USD)

$168,247.4 / $166,376.6 / $167,487.8

 Graphical Summary of Key Mexico Statistics at:

 http://www.slideshare.net/nuricua/newsletter-julio-2013-24884004

"A man is not finished when he is defeated. He is finished when he quits." - Richard M. Nixon