Newsletter March 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

EU Plans Voluntary Rules on Conflict Mineral Imports

http://www.ft.com/cms/s/0/b4823608-a47e-11e3-9cb0-00144feab7de.html#axzz2xPVeyCsz

Russia Sees Progress on Ukraine as Putin Shifts to Diplomacy

http://www.bloomberg.com/news/2014-03-28/putin-calls-obama-to-discuss-resolving-ukraine-crisis.html

Japan’s Abe Withdraws Tax Benefits for Working Women as Their Numbers Swell

http://www.bloomberg.com/news/2014-04-04/japan-working-women-face-tax-blow-as-their-numbers-swell.html

Tighter Fed Policy Will Boost Economy

http://www.bloomberg.com/news/2014-04-03/tighter-fed-policy-will-boost-economy-cutting-research.html

NATO Condemns Russia’s ‘Propaganda’ as Lavrov Cries Foul

http://www.bloomberg.com/news/2014-04-03/nato-slams-russia-s-propaganda-as-lavrov-cries-foul.html

GLOBAL ECONOMY

Shareholders of Georg Fischer Ltd approve all Board Proposals and elect a New Member

http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/shareholders-of-georg-fischer-ltd-approve-all-board-proposals-an.html

Euro-Area Economic Confidence Increases more than Expected

http://www.bloomberg.com/news/2014-03-28/euro-area-economic-confidence-rises-to-highest-level-since-2011.html

Abe Names Special Strategic Zones in Bid to Boost Japan’s Allure

http://www.bloomberg.com/news/2014-03-28/abe-names-special-strategic-zones-in-bid-to-boost-japan-s-allure.html

Euro Inflation at Lowest in Over 4 Years Misses Estimates

http://www.bloomberg.com/news/2014-03-31/euro-inflation-at-lowest-in-over-4-years-misses-estimates.html

Merkel Pushes U.S. Trade Deal Saying Europe Ready to Shun Putin

http://www.bloomberg.com/news/2014-04-06/merkel-pushes-u-s-trade-deal-saying-europe-ready-to-shun-putin.html

FINANCE AND ACCOUNTING

Central Banks should give Inflation More Focus

http://www.economist.com/news/finance-and-economics/21599774-higher-inflation-may-be-needed-leave-extra-low-interest-rates-behind-up-up-and

Japan’s Topix Rises Eighth Day on U.S. Manufacturing Data

http://www.bloomberg.com/news/2014-04-02/japan-s-topix-rises-eighth-day-on-u-s-manufacturing-data.html

Draghi’s Attempt to Talk down Euro Lost on Traders

http://www.bloomberg.com/news/2014-04-01/draghi-s-attempt-to-talk-down-euro-lost-on-traders-currencies.html

U.S Futures Rise as Dollar Holds Gain on Yen before Data

http://www.bloomberg.com/news/2014-04-03/asian-futures-retreat-with-s-p-500-copper-futures-climb.html

10 Things You Need To Know As Asian Markets Open

http://www.businessinsider.com/10-things-may-7-australia-2014-4

MEXICO AND LATIN AMERICA

México, Rival Energético en EU: Canadá

http://www.cnnexpansion.com/economia/2014/03/04/mexico-rival-energetico-en-eu-canada

Embajada Británica y UK T&I lanzan LondonTech: International Entrepreneurs Competition

https://www.gov.uk/government/world-location-news/218024.es-419

Bachelet Moves to Raise Chile Taxes as Economic Growth Slows

http://www.bloomberg.com/news/2014-03-31/bachelet-says-chile-tax-increases-to-aid-sustainable-growth.html

Mexico Raised 2 Billion Euros in Year’s Third Overseas Bond Sale

http://www.bloomberg.com/news/2014-04-01/mexico-to-sell-eur2-billion-of-bonds-after-dollar-pound-issues.html

Brazil Real rises most in Emerging Markets on Rollovers

http://www.bloomberg.com/news/2014-04-04/brazilian-real-advances-as-central-bank-plans-rollover-of-swaps.html

Tracing the U.S. heroin surge back south of the border as Mexican cannabis output falls

http://www.washingtonpost.com/world/tracing-the-us-heroin-surge-back-south-of-the-border-as-mexican-cannabis-output-falls/2014/04/06/58dfc590-2123-4cc6-b664-1e5948960576_story.html

Mexico – Panama sign Free Trade Agreement

http://www.theyucatantimes.com/2014/04/mexico-panama-treaty-plan-to-increase-trade-and-investment-between-the-two-nations/

Huawei Urges Brazil, Mexico to Sign IT Trade Agreement

http://www.laht.com/article.asp?ArticleId=1903450&CategoryId=13936

Boomtowns spur economic growth in Mexico

http://www.netnebraska.org/node/910395

Reflections on Mexico: Dynamic economy ready to do business

http://www.wmicentral.com/business/business_news/reflections-on-mexico-dynamic-economy-ready-to-do-business/article_9a293cb0-bb7c-11e3-b408-0019bb2963f4.html

OTHER TOPICS

Entrevista con Rogerio Casas Alatriste, Presidente de la Junta de Asistencia Privada del D.F.

http://www.aapaunam.mx/Revista/REV-A4-VOL4-AbrilJun/C.P.-Rogerio_Casa_Alatriste.pdf

10 Critical Leadership Battles (And How You Can Win Them All)

http://www.terrystarbucker.com/2014/03/27/10-critical-leadership-battles-can-win/

5 Ways to Increase your Career Capital

http://www.forbes.com/sites/work-in-progress/2014/03/23/5-ways-to-increase-your-career-capital/

Why Companies need to Cultivate Future CFO from Within 

http://ww2.cfo.com/hiring/2014/04/cfo-candidate-pool-shrinking/

How to embrace Feedback without getting Defensive

http://quickbase.intuit.com/blog/2014/04/03/why-you-hate-feedback-and-how-to-learn-to-love-it/

WHAT TO DO IN MEXICO CITY

UNAM’s Philharmonic Orchestra’s Second Season 2014

http://www.ofunam.unam.mx/interiores/programacion/programa8.html#p1

Contemporary Design in Mexico, Open Exhibition

http://www.mexicoescultura.com/actividad/82995/De%20ida%20y%20vuelta.%20Dise%C3%B1o%20contempor%C3%A1neo%20en%20M%C3%A9xico.html#.Uz4tpvmSz9M

Teatro: Un buen Día para Vivir de Felipe Rodríguez

http://www.mexicoescultura.com/actividad/82997/Un%20buen%20d%C3%ADa%20para%20vivir.html#.Uz4uE_mSz9M

Linneo, Botanic Pub

http://www.chilango.com/antros-bares/condesa/linneo-pub-botanico

Opera Atzimba, a mixture of Spanish and Mexican Cultures

http://www.bellasartes.gob.mx/index.php?option=com_content&view=article&id=4099

KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

MAR / FEB / JAN

Exchange Rate: MXN to USD

13.0549 / 13.2379 / 13.3769

Exchange Rate: MXN to EUR

18.0132 / 18.2590 / 18.1244

Exchange Rate: MXN to CAD

11.8133 / 11.9432 / 12.0149

Exchange Rate: MXN to GBP

22.0687 / 22.4783 / 22.3140

Country Risk (basis points)

155 / 168 / 196

Bolsa (IPC BMV)

40,461.60 / 38,782.89 / 40,879.75

Cetes 28d

3.19% / 3.15% / 3.18%

Inflation

4.23% / 4.48% / 3.97%

UDIs

5.145084 / 5.129269 / 5.100417

IMCE IMCP BURSAMETRICA (Economic Confidence)

70.26 / 68.78 / 67.28

International Reserves (M USD)

$180,700.20 / $179,704.80 / $177,179.10

Graphical Summary of Key Mexico Statistics at:

http://www.slideshare.net/nuricua/newsletter-marzo-2014-33198231

“Entrepreneurship is neither a science nor an art. It is a practice”.
- Peter F. Drucker