Newsletter October 2014

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

KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

OCT / SEP / AUG

Exchange Rate: MXN to USD

13.4773 / 13.4330 / 13.0763

Exchange Rate: MXN to EUR

16.9585 / 16.9162 / 17.2437

Exchange Rate: MXN to CAD

11.9589 / 11.9804 / 12.0366

Exchange Rate: MXN to GBP

21.8432 / 22.0623 / 22.0276

Country Risk (basis points)

166 / 157 / 145

Bolsa (IPC BMV)

45,027.52 / 44,985.66 / 45,628.09

Cetes 28d

2.90% / 2.85% / 2.76%

Inflation

4.22% / 4.14% / 4.07%

UDIs

5.200303 / 5.178631 / 5.154394

IMCE IMCP BURSAMETRICA (Economic Confidence)

72.43 / 72.82 / 70.07

International Reserves (M USD)

$190,731.3 / $190,688.4 / $191,513.3

Graphical Summary of Key Mexico Statistics at:

http://www.slideshare.net/nuricua/key-mexico-statistics-august-october-2014

“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful” - Albert Schweitzer

Newsletter September 2014

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

KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

SEP / AUG / JUL

Exchange Rate: MXN to USD

13.4330 / 13.0763 / 13.2269

Exchange Rate: MXN to EUR

16.9162 / 17.2437 / 17.7069

Exchange Rate: MXN to CAD

11.9804 / 12.0366 / 12.1566

Exchange Rate: MXN to GBP

22.0623 / 22.0276 / 22.6464

Country Risk (basis points)

157 / 145 / 140

Bolsa (IPC BMV)

44,985.66 / 45,628.09 / 43,817.69

Cetes 28d

2.85% / 2.76% / 2.80%

Inflation

4.14% / 4.07% / 3.75%

UDIs

5.178631 / 5.154394 / 5.139503

IMCE IMCP BURSAMETRICA (Economic Confidence)

72.82 / 70.07 / 70.85

International Reserves (M USD)

$190,688.40 / $191,513.30 / $190,192.10

Graphical Summary of Key Mexico Statistics at:

http://www.slideshare.net/nuricua/key-mexico-statistics-jul-sept-2014

“Success is walking from failure to failure with no loss of enthusiasm.”
- Winston Churchill

Newsletter August 2014

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

Putin unveils Ukraine Ceasefire Plan, France halts Warship
http://www.reuters.com/article/2014/09/03/us-ukraine-crisis-idUSKBN0GX21720140903
UK Raises Terror Threat Level to 'Severe' — US Has No Plans to Do the Same

http://www.businessinsider.com/uk-terror-threat-level-severe-2014-8#ixzz3BpV5DA66
Ukraine seeks to Join NATO: Full Membership

http://www.reuters.com/article/2014/08/29/us-ukraine-crisis-idUSKBN0GS10C20140829

Ebola in Fifth Country as Sierra Leone Fires Health Chief

http://www.bloomberg.com/news/2014-08-30/ebola-in-fifth-country-as-sierra-leone-fires-health-chief.html

Brazil Goes Into Recession for First Time in Over 5 Years

http://www.bloomberg.com/news/2014-08-29/brazil-goes-into-recession-for-first-time-in-over-5-years.html

GLOBAL ECONOMY

Europe Must do Its Bit to Stop the Trade in Conflict Minerals

http://www.theguardian.com/commentisfree/2014/aug/19/europe-stop-trade-conflict-minerals

Georg Fischer Automotive Partnership with leading mold maker Meco Eckel
http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/partnership-with-leading-mold-maker-meco-eckel-boosts-competitiv.html
A Key Part of the Economic Recovery Is Finally Happening

http://www.businessinsider.com/capex-boom-is-happening-2014-8#ixzz3BpXOsRBm

S&P 500 edges up to set new record; best month since Feb

http://www.reuters.com/article/2014/08/29/us-markets-stocks-idUSKBN0GT15Z20140829

Obama considers Delaying move on Immigration 

http://time.com/3258209/barack-obama-immigration-reform-2014/

FINANCE AND ACCOUNTING

FBI, Secret Service investigate Reports of Cyber Attacks on U.S. banks

http://www.reuters.com/article/2014/08/28/us-jpmorgan-cybersecurity-idUSKBN0GR25R20140828

U.K. Wants EU to Block Russia from SWIFT Banking Network

http://www.bloomberg.com/news/2014-08-29/u-k-wants-eu-to-block-russia-from-swift-banking-network.html

Euro Inflation Slows as Draghi Hints at More ECB Stimulus

http://www.bloomberg.com/news/2014-08-29/euro-area-inflation-slows-as-draghi-hints-at-more-ecb-stimulus.html

FASB seeks Input on Proposed 2015 GAAP Taxonomy 

http://www.accountingtoday.com/news/accounting-news/fasb-releases-proposed-2015-gaap-financial-reporting-taxonomy-71787-1.html

Draghi under Pressure of his Own Making to Deliver ECB Stimulus

http://www.reuters.com/article/2014/09/03/us-ecb-rates-idUSKBN0GY2M920140903

MEXICO AND LATIN AMERICA

México, listo para recibir Inversiones Canadienses en Pymes: Bancomext

http://www.elfinanciero.com.mx/economia/mexico-listo-para-recibir-inversiones-canadienses-en-pymes-bancomext.html

Britain's Lycamobile to enter Mexico amid Telco Shakeup
http://www.reuters.com/article/2014/08/05/mexico-lycamobile-idUSL6N0PZ7I120140805
Colombia Lifts Key Rate to 4.5% as GDP Seen at Full Capacity
http://www.bloomberg.com/news/2014-08-29/colombia-raises-key-rate-to-4-5-as-inflation-approaches-target.html
Brazil Keeps 11% Rate as Inflation Crimps Recession Response
http://www.bloomberg.com/news/2014-09-03/brazil-keeps-11-rate-as-inflation-hampers-response-to-recession.html

Argentina Swaps Traders Set for $532 Million Payout

http://www.bloomberg.com/news/2014-09-03/argentina-bonds-get-initial-value-of-40-25-in-auction.html

OTHER TOPICS

3 Surprising Skills All Leaders Should Have

http://www.businessinsider.com/skills-all-leaders-should-have-2014-8?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20%28Wednesday%20Friday%29%202014-08-29&utm_content=emailshare

Entrevista con Suichiro Megata, Embajador de Japón en México

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

What Professionals can Learn from Extreme Athletes 

http://money.usnews.com/money/blogs/outside-voices-careers/2014/08/26/5-career-lessons-from-extreme-athletes

11 Books By CEOs That Will Teach You How to Run the World

http://www.businessinsider.com/best-business-books-by-ceos-2014-8?op=1#ixzz3BpYTBMTp

Being Vulnerable can be a Leadership Asset 

http://artpetty.com/2014/08/22/its-your-career-resolve-to-conquer-your-fear-of-speaking/

WHAT TO DO IN MEXICO CITY

UNAM Philharmonic Orchestra: 3^rd Season 2014

http://www.ofunam.unam.mx/interiores/programacion/novedaes_ofunam.jpg

Teatro Ciclo Escena Internacional Iberoamérica: ¿Estás ahí?

http://www.mexicoescultura.com/actividad/117796/%C2%BFEst%C3%A1s%20ah%C3%AD?.html#.VAfNKvmSySo

Opera with the Bellas Artes Orchestra: Javier Camarena and Rebeca Olvera

http://www.bellasartes.gob.mx/index.php?option=com_content&view=article&id=6858

Exposición “Angelología: Utopía y Ángeles”, por Ilya y Emilia Kabakov
http://www.conaculta.gob.mx/detalle-nota/?id=35472&vi=1#
Top 5 Fondue Restaurants in Mexico City
http://www.chilango.com/restaurantes/nota/2014/09/03/fondues

KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

AUG / JUL / JUN

Exchange Rate: MXN to USD

13.0763 / 13.2269 / 12.9712

Exchange Rate: MXN to EUR

17.2437 / 17.7069 / 17.7070

Exchange Rate: MXN to CAD

12.0366 / 12.1566 / 12.1507

Exchange Rate: MXN to GBP

22.0276 / 22.6464 / 22.5089

Country Risk (basis points)

145 / 140 / 135  

Bolsa (IPC BMV)

45,628.09 / 43,817.69 / 42,737.17

Cetes 28d

2.76% / 2.80% / 2.90%

Inflation

4.07% / 3.75% / 3.51%

UDIs

5.154394 / 5.139503 / 5.131110

IMCE IMCP BURSAMETRICA (Economic Confidence)

70.07 / 70.85 / 70.92

International Reserves (M USD)

$191,513.30 / $190,192.10 / $188,405.50

Graphical Summary of Key Mexico Statistics at:

http://www.slideshare.net/nuricua/key-mexico-statistics-jun-aug-2014

“Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people can.” - Warren G. Tracy’s student

Newsletter July 2014

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

Obama: US to Help Establish Africa Peacekeeping Force
http://www.dw.de/obama-us-to-help-establish-africa-peacekeeping-force/a-17838254
Argentina defaults, but Worst fallout can be Averted 
http://www.reuters.com/article/2014/07/31/us-argentina-debt-idUSKBN0G00DX20140731
U.S. Companies wary of Suppliers’ Conflict Minerals

http://www.post-gazette.com/business/2014/07/10/U-S-companies-wary-of-suppliers-conflict-minerals/stories/201407100151

U.S., EU Sanctions aim to block Russian access to Oil Wealth 

http://www.nytimes.com/2014/07/30/world/europe/european-sanctions-russia.html?_r=1

Portugal's Bank Bailout - No Need to Panic

http://www.dw.de/portugals-bank-bailout-no-need-to-panic/a-17831256

GLOBAL ECONOMY

Productivity Increases Foster Profitable Growth: Georg Fischer
http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/productivity-increases-foster-profitable-growth.html
Planes, Trains and Mexican Automobiles
https://ukti.blog.gov.uk/2014/07/24/planes-trains-and-mexican-automobiles/
Spain Growth Beats Bank of Spain Estimate Even as Prices Fall
http://www.bloomberg.com/news/2014-07-30/spain-growth-beats-estimates-as-rajoy-fights-unemployment.html
Obama urges Africa Investment
http://www.dw.de/obama-speaks-at-africa-summit-in-washington/a-17833544
Australian Jobless Rate Tops U.S. First Time since 2007
http://www.bloomberg.com/news/2014-08-06/australian-jobless-rate-jumps-to-6-4-sending-currency-lower.html

FINANCE AND ACCOUNTING

G-7 Nations Said to Oppose New World Bank Russia Projects

http://www.bloomberg.com/news/2014-07-31/g-7-nations-said-to-oppose-new-world-bank-projects-in-russia.html

Abenomics Charm Fades as Yields Signal Headwinds: Japan Credit

http://www.bloomberg.com/news/2014-07-31/abenomics-charm-fades-as-yields-signal-headwinds-japan-credit.html

S&P500 index posts worst fall since April; indexes down for July

http://www.reuters.com/article/2014/07/31/us-markets-stocks-idUSKBN0G019T20140731

Wall Street Banks ordered to Revision as Bankruptcy Plans failures vs. US Regulators

http://www.bloomberg.com/news/2014-08-05/biggest-u-s-banks-told-to-simplify-their-living-wills-.html

U.S. outpaces Hong Kong for Cross-border IPOs 

http://blogs.wsj.com/moneybeat/2014/08/04/new-york-muscles-ahead-of-hong-kong-in-big-ticket-ipos/

MEXICO AND LATIN AMERICA

Balanza Comercial México – Canadá, Superavitaria para México

http://www.eluniversal.com.mx/finanzas-cartera/2014/impreso/mexico-exporta-mas-a-canada-111553.html

Here Are Seven Ways Argentine Debt Crisis Could Get Fixed

http://www.bloomberg.com/news/2014-07-31/here-are-seven-ways-argentine-debt-crisis-could-get-fixed.html

Mexico’s biggest Real Estate Investment Trust Purchase is Winning over Shareholders

http://www.bloomberg.com/news/2014-08-05/biggest-fibra-uno-purchase-is-winning-over-shareholders.html

Brazil’s Swap Rates Drop as Economists Cut GDP Growth Forecast

http://www.bloomberg.com/news/2014-08-04/brazil-s-swap-rates-drop-as-economists-cut-gdp-growth-forecast.html

Deutsche Bank Said to Have Joined Talks With Argentina Holdouts

http://www.bloomberg.com/news/2014-08-06/deutsche-bank-said-to-have-joined-talks-with-argentina-holdouts.html

OTHER TOPICS

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

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

The Top 5 Mistakes People Make When Starting a Business

http://www.businessinsider.com/the-top-5-mistakes-people-make-when-starting-a-business-2014-7?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20%28Tuesday%20Thursday%29%202014-07-29&utm_content=emailshare

The 17 Fastest Ways to Get Ahead In Your Career 

http://www.businessinsider.com/fast-ways-to-get-ahead-in-your-career-2014-7?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Mondays%202014-07-28&utm_content=emailshare

Delegation is Key to Successful Crisis Management 

http://www.theglasshammer.com/news/2014/07/29/leading-people-through-a-crisis/

Social Responsibility starts with How Companies treat Employees 

http://smartblogs.com/leadership/2014/07/29/what-is-your-organizations-social-impact/

WHAT TO DO IN MEXICO CITY

Mozart’s “Cosi fan tutte” at the National Arts Center

http://www.conaculta.gob.mx/verano-cultural/

Muestra “100 años. Imagen y palabra / Paz, Huerta Revueltas” en la Galería Abierta

http://www.conaculta.gob.mx/detalle-nota/?id=35292#.U-GNKvmSySo

La Ópera Prima de Gabriel Nuncio en la Cineteca Nacional

http://www.conaculta.gob.mx/detalle-nota/?id=35286#.U-GNrvmSySo

Theory of Beauty, Italian Painting at San Carlos National Museum

http://www.mexicoescultura.com/actividad/117015/Teor%C3%ADa%20de%20la%20belleza.html#.U-GPlfmSySo

New Chinese Wing at Cultures National Museum

http://www.mexicoescultura.com/actividad/69155/Abre%20la%20Sala%20de%20China%20en%20el%20Museo%20Nacional%20de%20las%20Culturas.html#.U-GQKfmSySo

KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

JUL / JUN / MAY

Exchange Rate: MXN to USD

13.2269 / 12.9712 / 12.8609

Exchange Rate: MXN to EUR

17.7069 / 17.7070 / 17.5050

Exchange Rate: MXN to CAD

12.1566 / 12.1507 / 11.8357

Exchange Rate: MXN to GBP

22.6464 / 22.5089 / 21.8556

Country Risk (basis points)

140 / 135 / 138

Bolsa (IPC BMV)

43,817.69 / 42,737.17 / 41,362.51

Cetes 28d

2.80% / 2.90% / 3.31%

Inflation

3.75% / 3.51% / 3.50%

UDIs

5.139503 / 5.131110 / 5.135142

IMCE IMCP BURSAMETRICA (Economic Confidence)

70.85 / 70.92 / 69.34

International Reserves (M USD)

$190,192.10 / $188,405.50 / $187,275.20

Graphical Summary of Key Mexico Statistics at:

http://www.slideshare.net/nuricua/key-mexico-statistics-may-jul-2014

“I have not failed. I’ve just found 10,000 ways that won’t work.”
- Thomas Edison