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 

http://www.accountingweb.com/article/accaima-report-reveals-ten-key-skills-future-cfos/222479

GLOBAL ECONOMY

IMF warns of Catastrophe if Debt Ceiling is Breached 

http://blogs.wsj.com/economics/2013/09/26/failure-to-raise-the-debt-ceiling-would-be-catastrophic/

European Central Bank chooses to Keep Main Financing Rates on Hold

http://www.dw.de/ecb-chooses-to-keep-main-financing-rates-on-hold/a-17131906

Manufacturing Increasingly Onshores Work 

http://economix.blogs.nytimes.com/2013/09/23/more-manufacturing-coming-back-to-the-u-s/?src=busln

Resultados IMCE IMCP-BURSAMETRICA Septiembre 2013

http://imcp.org.mx/publicaciones/indice-mexicano-de-confianza-economica-septiembre-2013#.Uk9LiYZi1DQ

FINANCE AND ACCOUNTING

Resources Global Professionals Announces Data Governance Service Offering

http://ir.rgp.com/releasedetail.cfm?ReleaseID=790226

FASB Eyes Greater Simplicity as a Goal 

http://blogs.wsj.com/cfo/2013/09/24/little-gaap-could-drive-accounting-simplification/

Emerging-Market Currencies Fall 30% in Reserves

http://www.bloomberg.com/news/2013-10-02/emerging-market-currencies-fall-30-in-reserves-citigroup-says.html

M&A Often Means Credit Rating Downgrade: S&P

http://ww2.cfo.com/ma/2013/09/strategic-acquirers-jeopardize-credit-ratings/

MEXICO AND LATIN AMERICA

Minera Canadiense Invertirá en Durango, México

http://www.mexicanbusinessweb.mx/negocios-rentables-en-mexico/oportunidades-de-negocio-en-durango/minera-canadiense-invertira-en-durango/

Mexican Conservatives show Openness on Reform Tied to Energy Bill

http://www.reuters.com/article/2013/10/02/us-mexico-reforms-idUSBRE9910X820131002

Brazil's Odebrecht plans $8.1 billion landmark investment in Mexico

http://www.reuters.com/article/2013/10/01/us-mexico-odebrecht-idUSBRE9901EV20131001

Mexico's Carlos Slim welcomes Telecom Challenge from Britain's Richard Branson

http://www.consejomexicano.org/en/centro-de-informacion/asociados-en-la-prensa/3707-mexican-tycoon-carlos-slim-welcomes-telecom-challenge-from-britains-richard-branson

OTHER TOPICS

Entrevista con Suichiro Megata, Embajador de Japón en México

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

Look for Nontraditional Networking Contacts 

http://features.blogs.fortune.cnn.com/2013/09/30/escaping-the-networking-rut/

SPONSOR

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

http://www.integrasofom.com/

WHAT TO DO IN MEXICO CITY

Exhibition: El Rock en México. 1955-2010

http://elmodo.mx/

85th Anniversary of the National Symphonic Orchestra: 2nd Season 2013

http://www.osn.bellasartes.gob.mx/index.php/example-pages.html

Richard III: The Dream by William Shakespeare at the Helenico Theater

http://www.helenico.gob.mx/

Alfred Hitchcock: His First 9 Restored Pictures by the British Film Institute National Archive

http://www.conaculta.gob.mx/detalle-nota/?id=29654&vi=1#

70th Anniversary of the National College 1943 - 2013

http://www.conaculta.gob.mx/PDF/calendario.pdf

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:

http://www.slideshare.net/nuricua/newsletter-septiembre-2013

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