Newsletter April 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 Going after Chinese Money to Sustain Sagging Russian Economy

http://www.bloomberg.com/news/2014-05-08/putin-said-to-seek-chinese-money-with-limits-on-platinum-gold.html

U.S. imposes Economic Sanctions on Putin Associates 

http://www.nytimes.com/2014/04/29/world/asia/obama-sanctions-russia.html

Ukraine’s breakup threat is bringing Chancellor Merkel and President Obama closer together

http://www.bloomberg.com/news/2014-05-01/merkel-obama-ties-invigorated-by-putin-over-ukraine.html

US Commerce Department posts Weak Growth for Q1

http://www.nytimes.com/2014/05/01/business/economy/us-economy-barely-grew-in-first-quarter.html?_r=0

OECD predicts Moderate Growth, Unemployment to Drop only Slowly

http://www.dw.de/oecd-predicts-moderate-growth-unemployment-to-drop-only-slowly/a-17614684

 

GLOBAL ECONOMY

Yellen’s Fed Resigned to Diminished Growth Expectations

http://www.bloomberg.com/news/2014-05-02/yellen-s-fed-resigned-to-diminished-growth-expectations.html

Euro Unemployment Holds Near Record amid Factory Gains

http://www.bloomberg.com/news/2014-05-02/euro-area-manufacturing-growth-accelerates-from-germany-to-italy.html

Draghi’s Virtuous Bond Circle Vicious for Currency

http://www.bloomberg.com/news/2014-05-02/draghi-s-virtuous-bond-circle-vicious-for-currency.html

U.S. Economy added 288,000 Jobs in April 

http://www.nytimes.com/2014/05/03/business/economy/april-jobs-data-released-by-labor-department.html

Georg Fischer: A substantial Rise in Performance

http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/annual-financial-statements-2013-georg-fischer.html

 

FINANCE AND ACCOUNTING

Another cut Expected for Fed Bond-buying Program 

http://www.nytimes.com/2014/04/29/business/economy/at-meeting-fed-likely-to-again-cut-bond-buying.html

Citigroup Says Banamex Fraud Cost $165 Million in Quarter

http://www.bloomberg.com/news/2014-05-02/citigroup-says-banamex-fraud-cost-165-million-in-first-quarter.html

US, Russia talk Ukraine following OSCE release

http://www.dw.de/us-russia-talk-ukraine-following-osce-release/a-17610910

Resources Connection, Inc. Reports Third Quarter Results for Fiscal 2014

http://ir.rgp.com/releasedetail.cfm?ReleaseID=837563

Fed: Banks Relaxed Commercial-lending Policies in Q1 

http://www.bloomberg.com/news/2014-05-05/banks-in-u-s-eased-commercial-loan-policies-fed-survey-shows.html

 

MEXICO AND LATIN AMERICA

Exportaciones Mexicanas crecen 4.5% en Marzo 2014

http://www.mexicanbusinessweb.mx/destacadas01/exportaciones-mexicanas-crecen-4-5-en-marzo-2014/

Rousseff’s Lead in Brazil Poll Too Thin to Call First Round Win

http://www.bloomberg.com/news/2014-05-03/brazil-ruling-party-backs-rousseff-as-lula-vows-to-help-campaign.html

Mexico attends Economic Club of Canada’s Panel on Emerging Economies

http://embamex.sre.gob.mx/canada_eng/index.php/press-releases/568-may-2014/5421-ambassador-of-mexico-participates-the-economic-club-of-canadas-panel-on-emerging-economies

World Cup Power Projects Unfinished as Kickoff Approaches

http://www.bloomberg.com/news/2014-05-06/world-cup-power-projects-unfinished-as-kickoff-approaches.html

Bancolombia to Devote 10% of Assets to Santos’s Highway Plan

http://www.bloomberg.com/news/2014-05-06/bancolombia-to-devote-10-of-assets-to-santos-s-highway-program.html

 

OTHER TOPICS

6 Ways to boost your Chances of Success in Life and Business

http://www.entrepreneur.com/article/233364#ixzz30fc7WPxh

Ukraine as turning point for Europe?

http://www.dw.de/ukraine-as-turning-point-for-europe/a-17610570

10 Strategies Quick Learners Use to Pick up Anything

http://www.businessinsider.com/strategies-quick-learners-use-to-pick-up-anything-2014-4#ixzz30fm1tivR

How to Lead in a Meeting When You’re Not the Leader

https://www.themuse.com/advice/how-to-lead-in-a-meeting-when-youre-not-the-leader

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

 

WHAT TO DO IN MEXICO CITY

Concierto por el Día de las Madres: Jazz y Swing con la OFUNAM

http://www.ofunam.unam.mx/interiores/programacion/OFUNAM2T2014.jpg

Miradas Fotográficas Cruzadas: México – Francia

http://www.conaculta.gob.mx/dgai/noticias-detalle.php?id=33140#.U2Ul5fmSz9N

Charles du Gaulle en México: Museo de la Cancillería

https://www.facebook.com/MUSEODELACERVOHISTORICOYARTISTICODELASRE/photos/a.546335128732352.127344.297852910247243/770427952989734/?type=1&theater

The Dance of the Spectres at the Modern Art Museum

http://www.mexicoescultura.com/actividad/107450/en/The%20Dance%20of%20the%20Spectres.html#.U2UnDPmSz9M

Julieta Venegas for Children, a Concert for Education

http://www.mexicoescultura.com/actividad/91737/en/Julieta%20Venegas%20for%20Children,%20a%20Concert%20for%20the%20Education.html#.U2Unh_mSz9M

 

KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

APR / MAR / FEB

Exchange Rate: MXN to USD

13.0901 / 13.0549 / 13.2379

Exchange Rate: MXN to EUR

18.1036 / 18.0132 / 18.2590

Exchange Rate: MXN to CAD

11.9389 / 11.8133 / 11.9432

Exchange Rate: MXN to GBP

22.3423 / 22.0687 / 22.4783

Country Risk (basis points)

155/ 155 / 168

Bolsa (IPC BMV)

40,711.56 / 40,461.60 / 38,782.89

Cetes 28d

3.25% / 3.19% / 3.15%

Inflation

3.76 %/ 4.23% / 4.48%

UDIs

5.150043 / 5.145084 / 5.129269

IMCE IMCP BURSAMETRICA (Economic Confidence)

71.90 / 70.26 / 68.78

International Reserves (M USD)

$184,013.20 / $180,700.20 / $179,704.80

 

Graphical Summary of Key Mexico Statistics at:

http://www.slideshare.net/nuricua/key-mexico-statistics-february-april-2014

“The best way to predict the future is to create it.”
- Peter Drucker