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