Newsletter June 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

U.S. Spying Concerns lead Germany to Cancel Verizon Deal 

http://www.nytimes.com/2014/06/27/business/angered-by-nsa-activities-germany-cancels-verizon-contract.html?_r=0

Nicolas Sarkozy charged in Corruption Case
http://www.dw.de/sarkozy-charged-in-corruption-case/a-17752224
UN Forced to Drastically Cut Food Rations to African Refugees
http://www.dw.de/un-forced-to-drastically-cut-food-rations-to-african-refugees/a-17751608
Japan's Security Policy Shift: 'A Blow to Ties with East Asia'
http://www.dw.de/japans-security-policy-shift-a-blow-to-ties-with-east-asia/a-17748656
BMW's $1 billion plant surfs Mexican investment wave

http://www.reuters.com/article/2014/07/04/us-bmw-mexico-plant-idUSKBN0F82B220140704

GLOBAL ECONOMY

U.S. Growth forecasts Cut based on Weak Consumer Spending 

http://www.reuters.com/article/2014/06/26/us-usa-economy-idUSKBN0F11BJ20140626

Japanese Firms See Stable Inflation Taking Root in BOJ Boost

http://www.bloomberg.com/news/2014-07-02/japanese-firms-see-stable-inflation-taking-root-in-boost-for-boj.html

IMF sees Russia Close to Recession due to Ukraine Sanctions

http://www.dw.de/imf-sees-russia-close-to-recession-as-ukraine-sanctions-bite/a-17751834

The Conflict over Conflict-Free Minerals

http://www.businessweek.com/articles/2014-06-05/conflict-free-minerals-intel-apple-and-hp-struggle-to-comply

GF wins 2014 Supply Chain Management Award

http://www.georgfischer.com/content/gf/com/en/news/mediareleases/mediarelease/gf-wins-2014-supply-chain-management-award.html

FINANCE AND ACCOUNTING

Monetary Policy not Best fix for Bubbles, Fed Chief says 

http://www.reuters.com/article/2014/07/02/us-usa-fed-idUSKBN0F71MD20140702

Dow Jones jumps above 17,000 Points on US Jobs Data

http://www.dw.de/dow-jones-jumps-above-17000-points-on-us-jobs-data/a-17757047

Russia More than Doubles Domestic Debt Plans to Fund Gap

http://www.bloomberg.com/news/2014-07-03/russia-more-than-doubles-annual-goal-for-domestic-debt-sales.html

The European Central Bank trying to Reinvigorate the Euro Zone Economy

http://www.dw.de/ecb-between-a-rock-and-a-hard-place/a-17756290

American firms dominate EY audit of most valuable companies

http://www.dw.de/american-firms-dominate-ey-audit-of-most-valuable-companies/a-17755783

MEXICO AND LATIN AMERICA

México y Canadá Validan Extender Programa de Movilidad Laboral

http://eleconomista.com.mx/sociedad/2014/06/19/mexico-canada-validan-extender-programa-movilidad-laboral

2015: Año de México en el Reino Unido y del Reino Unido en México

https://www.gov.uk/government/world-location-news/241850.es-419

Ecuador Says China Signed $2 Billion Oil Deal to Access Crude

http://www.bloomberg.com/news/2014-07-03/ecuador-says-china-signed-2-billion-oil-deal-to-access-crude.html

Brazil Real Rises as Currency Support Offsets Rousseff Poll Gain

http://www.bloomberg.com/news/2014-07-03/brazilian-real-falls-to-two-week-low-as-rousseff-gains-in-poll.html

Colombian Central Bank Sees Weaker Peso Sooner Rather Than Later

http://www.bloomberg.com/news/2014-07-03/colombian-central-bank-sees-weaker-peso-sooner-rather-than-later.html

OTHER TOPICS

10 Things Only Extraordinary Bosses Give Employees

http://www.businessinsider.com/what-extraordinary-bosses-give-employees-2014-6?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Mondays%202014-06-30&utm_content=emailshare

Entrevista con Lourdes Garduño, Ex-Directora del Museo del Objeto del Objeto

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

7 Hard Lessons Everyone Needs To Learn about Success

http://www.businessinsider.com/hard-lessons-about-success-2014-7#ixzz36Sgj7XXT

7 Business Apps Every Professional Should Download

http://www.workintelligent.ly/technology/mobile/7-business-apps-for-every-professional/?utm_campaign=ContentSyndication&utm_medium=NativeAd&utm_source=Taboola&utm_content&utm_term=7+apps+business+professionals+should+download&utm_content=businessinsider

Wearable Mobile Devices to Transform Workplace

http://www.zdnet.com/wearables-in-the-enterprise-unlimited-possibilities-7000030948/

WHAT TO DO IN MEXICO CITY

Closure of 2^nd Concert Season by the UNAM Philharmonic Orchestra

 http://www.ofunam.unam.mx/Pdfs/Programa_8nlp.pdf

William Shakespeare at the Hellenic Theater

http://www.mexicoescultura.com/actividad/115022/Mendoza.%20Basada%20en%20Macbeth.html#.U7Nn7vmSySo

Oaxaca-Style Mexican Food in 5 Restaurants

http://www.chilango.com/restaurantes/nota/2014/07/01/oaxaquenos-en-el-df

Exposición sobre el Exilio Español en la Ciudad de México

http://www.cultura.df.gob.mx/index.php/exposiciones/details/12201-exilioespa%C3%B1ol

Free Access to the Contemporary Art Museum in July 2014

http://www.muac.unam.mx/sitiomuac/en.php

KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

JUN / MAY / APR

Exchange Rate: MXN to USD

12.9712 / 12.8609 / 13.0901

Exchange Rate: MXN to EUR

17.7070 / 17.5050 / 18.1036

Exchange Rate: MXN to CAD

12.1507 / 11.8357 / 11.9389

Exchange Rate: MXN to GBP

22.5089 / 21.8556 / 22.3423

Country Risk (basis points)

135 / 138 / 155

Bolsa (IPC BMV)

42,737.17 / 41,362.51 / 40,711.56

Cetes 28d

2.90% / 3.31% / 3.25%

Inflation

3.51% / 3.50% / 3.76%

UDIs

5.131110 / 5.135142 / 5.150043

IMCE IMCP BURSAMETRICA (Economic Confidence)

70.92 / 69.34 / 71.90

International Reserves (M USD)

$188,405.50 / $187,275.20 / $184,013.20

Graphical Summary of Key Mexico Statistics at:

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

“Your most unhappy customers are your greatest source of learning.”
- Bill Gates