Newsletter November 2013

Dear friends and colleagues,

Please receive our summary of business articles for this month.

With very best regards,

Armando Nuricumbo, CPA

I invite you to follow me on Facebook

IN FOCUS

Biggest Economic Reform in Mexico since NAFTA

http://www.bloomberg.com/news/2013-12-12/mexico-lower-house-passes-oil-overhaul-to-break-state-monopoly.html

GLOBAL ECONOMY

Portugal Gets First IPO in Five Years After 70% Slump

http://www.bloomberg.com/news/2013-11-27/portugal-getting-first-ipo-in-five-years-after-70-slump.html

India Growth Quickens From Four-Year Low as Rate Increases Loom

http://www.bloomberg.com/news/2013-11-29/india-growth-quickens-as-possible-rate-increases-imperil-rebound.html

Traders Ignore S&P Decision to Cut Netherlands Credit Rating

http://www.bloomberg.com/news/2013-11-29/traders-disregard-s-p-decision-to-cut-netherlands-credit-rating.html

FINANCE AND ACCOUNTING

Eight biggest issues facing CFOs in 2014

http://ww2.cfo.com/leadership/2013/12/eight-top-issues-cfos-2014/

Rates will stay Low after Bond buying Ends: Bernanke

http://www.bloomberg.com/news/2013-11-19/bernanke-sees-low-interest-rates-long-after-bond-purchases-end.html

MEXICO AND LATIN AMERICA

Why the Mexican Drug Cartels aren't just about Mexico or Drugs Anymore

http://www.foreignpolicy.com/articles/2013/12/03/think_again_mexican_drug_cartels

Historic Nestle Investment of 370 MUSD in Mexico

http://www.mexicanbusinessweb.mx/eng/2013/historical-investment-of-nestle-in-jalisco/

2015: El año del Reino Unido en México y de México en el Reino Unido

https://www.gov.uk/government/world-location-news/2015-the-year-of-mexico-in-the-uk-and-the-uk-in-mexico.es-419

Mantiene México Superávit Comercial con Canadá

http://www.eluniversal.com.mx/finanzas-cartera/2013/mexico-canada-exportaciones-importaciones-965660.html

OTHER TOPICS

Entrevista con Alfred Laengle, Embajador de Austria en México

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

10 Innovations that Improved the World in 2013

http://mashable.com/2013/12/04/innovations-world-2013/?utm_cid=mash-com-Tw-main-link

28 Signs You're Dealing With a Youngest Child

http://www.huffingtonpost.com/lian-dolan/28-signs-youre-dealing-with-a-youngest-child_b_4227594.html?ncid=edlinkusaolp00000003

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

http://www.integrasofom.com/

WHAT TO DO IN MEXICO CITY

Elena Poniatowska, Premio Cervantes de Literatura

http://www.conaculta.gob.mx/detalle-nota/?id=30772&vi=1#

Lebanese Gastronomic Offer in Mexico City

http://www.chilango.com/restaurantes/nota/2013/11/29/libano-en-el-df

KEY MEXICO STATISTICS 2013

(Source: Mexico Central Bank)

NOV / OCT / SEPT

Exchange Rate: MXN to USD

13.1101 / 13.0067 / 13.1747

Exchange Rate: MXN to EUR

17.8271 / 17.7385 / 17.7858

Exchange Rate: MXN to CAD

12.3716 / 12.4642 / 12.7894

Exchange Rate: MXN to GBP

21.7059 / 21.1971 / 21.5909

Country Risk (basis points)

184 / 172 / 177

Bolsa (IPC BMV)

42,499.13 / 41,038.65 / 40,185.23

Cetes 28d

3.40% / 3.38 % / 3.50%

Inflation

3.36% / 3.39 % / 3.46%

UDIs

5.018606 / 4.987942 / 4.968770

IMCE IMCP BURSAMETRICA (Economic Confidence)

70.69 / 68.22 / 67.70

International Reserves (M USD)

$175,882.00 / $174,261.6 / $173,031.7

Graphical Summary of Key Mexico Statistics at:

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

"Small opportunities are often the beginnings of great enterprises." - Demosthenes