Newsletter December 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

Five Predictions for Financial Markets in 2014

http://blogs.reuters.com/anatole-kaletsky/2014/01/02/five-predictions-for-financial-markets-in-2014/

GLOBAL ECONOMY

Greece takes charge of the Presidency of the European Union

http://www.dw.de/greece-takes-charge-of-the-european-union/a-17336897

World Manufacturing ends 2013 on a Strong Note

http://www.reuters.com/article/2014/01/02/us-economy-global-idUSBREA010EA20140102

Germans Bury Inflation Angst as Merkel Offers New Agenda

http://www.bloomberg.com/news/2013-12-29/germany-abandons-inflation-angst-with-merkel-offering-new-agenda.html

Growth in Manufacturing to Help Propel U.S. Expansion

http://www.bloomberg.com/news/2014-01-02/u-s-ism-manufacturing-index-fell-to-57-in-december-from-57-3.html

FINANCE AND ACCOUNTING

CFOs must use Corporate Culture to Bring about Change

http://ww2.cfo.com/leadership/2013/12/engender-performance-culture/view-all/

Islamic Banks, Stuffed with Cash, seek Western Investment Options

http://dealbook.nytimes.com/2013/12/25/islamic-banks-stuffed-with-cash-explore-partnerships-in-west/?_r=0

'Conflict Free' Minerals from the DRC will only be Possible if Companies Stay

http://www.theguardian.com/sustainable-business/conflict-free-minerals-drc-companies-stay

MEXICO AND LATIN AMERICA

Venezuela’s Forced Price Cuts Damp World’s Fastest Inflation

http://www.bloomberg.com/news/2013-12-30/venezuela-s-forced-price-cuts-damp-world-s-fastest-inflation.html

México, Canadá y EU buscan Potenciar TLCAN con Nueva Visión Estratégica

http://www.excelsior.com.mx/nacional/2013/12/29/935839

Indice Mexicano de Confianza Economica IMCE IMCP BURSAMETRICA – Diciembre 2013

http://imcp.org.mx/imce

OTHER TOPICS

The Surprising Facts about How Much Time People Spend on the Major Social Networks

http://www.businessinsider.com/social-media-engagement-statistics-2013-12?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20%28Tuesday%20Thursday%29%202013-12-31&utm_content=emailshare

Exchange-traded Funds Awards: Best, Worst and What to Watch in 2014

http://www.bloomberg.com/money-gallery/2013-12-19/etf-awards-best-worst-and-what-to-watch-in-2014.html#slide1

The Best and Worst Investments of 2013

http://www.bloomberg.com/money-gallery/2013-12-06/the-best-and-worst-investments-of-2013.html#slide1

What Best Employees do differently

http://www.businessinsider.com/what-the-best-employees-do-differently-2013-12?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Mondays%202013-12-30&utm_content=emailshare

Entrevista con Néstor González Monroy. Director General de RGP México.

http://www.aapaunam.mx/Revista/REV-A5-VOL5-Abril-junio/Entrev_Nestor_Gonz_Rev_Abril_Junio2013.pdf

WHAT TO DO IN MEXICO CITY

China Hall Opens in the National Museum for the Cultures

http://www.mexicoescultura.com/actividad/69155/en/China%20Hall%20Opens%20in%20the%20National%20Museum%20for%20the%20Cultures.html#.UsXDhJV3vIU

Felix Parra, 1845-1919. Visionary between Centuries

http://www.mexicoescultura.com/actividad/61015/en/Felix%20Parra,%2018451919.%20Visionary%20Between%20Centuries.html#.UsXD-pV3vIU

La joya mejor guardada del Centro Histórico: Sinagoga Justo Sierra 71

http://www.chilango.com/ciudad/nota/2013/12/31/historia-centenaria-sinagoga-justo-sierra-71

Mayas: Revelación de un Tiempo sin Fin 

http://www.mexicoescultura.com/actividad/67236/Mayas:%20revelaci%C3%B3n%20de%20un%20tiempo%20sin%20fin.html#.Usc_NvQW39M

KEY MEXICO STATISTICS 2013

(Source: Mexico Central Bank)

DIC / NOV / OCT

Exchange Rate: MXN to USD

13.0843 / 13.1101 / 13.0067

Exchange Rate: MXN to EUR

18.0079 / 17.8271 / 17.7385

Exchange Rate: MXN to CAD

12.3168 / 12.3716 / 12.4642

Exchange Rate: MXN to GBP

21.9648 / 21.7059 / 21.1971

Country Risk (basis points)

156 / 184 / 172

Bolsa (IPC BMV)

42,727.09 / 42,499.13 / 41,038.65

Cetes 28d

3.16% / 3.40% / 3.38 %

Inflation

3.62% / 3.36% / 3.39 %

UDIs

5.058731 / 5.018606 / 4.987942

IMCE IMCP BURSAMETRICA (Economic Confidence)

71.43 / 70.69 / 68.22

International Reserves (M USD)

$176,578.7 / $175,882.00 / $174,261.60

Graphical Summary of Key Mexico Statistics at:

 http://www.slideshare.net/nuricua/key-mexico-statistics-oct-dec-2013

"It is hard to fail, but it is worse never have tried to succeed." - Theodore Roosevelt