We invite you to review our latest newsletter about the Mexican economy. Happy to discuss how we can support your business interests in Mexico and Latin America. Finance. Audit. Compliance. Forensic. https://goo.gl/cZUAk2
Comparison beween Multinational Financial Management and Domestic Financial Management?
Discuss evolution and International Financial Management System?
Write Special features of foreign exchange?
Describe the country risk Analysis in International Business?
Short notes on:
(i) Franchise system
(ii) Short term assets and liabilities
(iii) Foreign direct investment
In this edition, we explore how foreign companies can make direct listings in USA public markets. Many chinese companies have already taken advantage of this legal figure. Perhaps it is time to see more Latin American business venturing in the same direction. The strength and depth of the US public markets represent a very interesting alternative for premium businesses from around the world.
Additionally, you will find our usual analysis of Key Economic Indicators from the region. Below you will see some highlights.
At Nuricumbo + Partners, we are ready to discuss about your projects and explore how we can support your business activities in Mexico and the rest of the Americas.
Capital Market and Economic Growth Nexus: Evidence from Nigeriaiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications
Buildup in dry powder is driving appetite for new issues and resulting in increasingly issuer friendly spreads and structures. For more detail, read the Duff & Phelps Capital Markets Insights – Summer 2018 report.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
We invite you to review our latest newsletter about the Mexican economy. Happy to discuss how we can support your business interests in Mexico and Latin America. Finance. Audit. Compliance. Forensic. https://goo.gl/cZUAk2
Comparison beween Multinational Financial Management and Domestic Financial Management?
Discuss evolution and International Financial Management System?
Write Special features of foreign exchange?
Describe the country risk Analysis in International Business?
Short notes on:
(i) Franchise system
(ii) Short term assets and liabilities
(iii) Foreign direct investment
In this edition, we explore how foreign companies can make direct listings in USA public markets. Many chinese companies have already taken advantage of this legal figure. Perhaps it is time to see more Latin American business venturing in the same direction. The strength and depth of the US public markets represent a very interesting alternative for premium businesses from around the world.
Additionally, you will find our usual analysis of Key Economic Indicators from the region. Below you will see some highlights.
At Nuricumbo + Partners, we are ready to discuss about your projects and explore how we can support your business activities in Mexico and the rest of the Americas.
Capital Market and Economic Growth Nexus: Evidence from Nigeriaiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications
Buildup in dry powder is driving appetite for new issues and resulting in increasingly issuer friendly spreads and structures. For more detail, read the Duff & Phelps Capital Markets Insights – Summer 2018 report.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
Nuricumbo + Partners is specialized on subjects such as financial due diligence for M&A, special audits, independent process assessments, debt/equity solutions, on-demand financial talent, anti-corruption initiatives, enterprise risk management, and corporate governance. We have become trusted business advisors for companies of all sizes, providing direct support to CEOs and CFOs in special or confidential projects.
Encuesta Global de Resiliencia de Negocios. Global Business Resilience Survey...Nuricumbo + Partners
COMPRENDER LA PROBLEMÁTICA DEL SECTOR EMPRESARIAL DENTRO Y FUERA DE MEXICO ANTE LA PANDEMIA COVID-19. IDENTIFICAR PRINCIPALES TENDENCIAS, ASÍ COMO RIESGOS Y OPORTUNIDADES.
TO UNDERSTAND THE PROBLEMS OF THE BUSINESS SECTOR IN AND OUTSIDE MEXICO CAUSED BY THE COVID-19 PANDEMIC. IDENTIFY THE MAIN TRENDS, RISKS AND OPPORTUNITIES.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
2. Content
Country Risk
Stock Exchange
Treasuries Market
1.1
1.2
1.3
1.4
Exchange Rates
Inflation Rate1.5
Economic Confidence Indicator (IMCE)1.7
International Reserves1.8
Foreign Direct Investment1.9
Article Exchange
Latin America Update
Our Service Portfolio
2.1
2.2
2.3
Featured Content
Success Case Studies
3.1
Your Practice Leaders
3.2
Contact Information
3.3
3.4
Mexico Economic Overview Knowledge Center
How we can help
Investment Unit (UDI)1.6
3. Note: Mexican Pesos per Currency
Source: Mexican Central Bank, www.banxico.org.mx, 2018
$21.10
$21.60
$22.10
$22.60
$23.10
$23.60
$24.10
$24.60
$25.10
31/07/18
$21.8817
May June July
31/05/18
$23.3259
29/06/18
$22.9215
$16.15
$17.15
$18.15
$19.15
$20.15
$21.15
$22.15
31/07/18
$18.6457
May June July
31/05/18
$19.9759
29/06/18
$19.6912
$23.80
$24.60
$25.40
$26.20
$27.00
$27.80
$28.60
31/07/18
$24.5433
May June July
31/05/18
$26.6199
29/06/18
$25.8733
Exchange Rates
$13.50
$14.00
$14.50
$15.00
$15.50
$16.00
$16.50
31/07/18
$14.3082
May June July
31/05/18
$15.4178
29/06/18
$14.9925
1.1
4. 214
208
188
175.00
180.00
185.00
190.00
195.00
200.00
205.00
210.00
215.00
220.00
May June July
EMBI - Country Risk
Note: Basis points
Country Risk
1.2
The Country Risk indicates the possibilities of an
emerging country failing to fulfill its obligations
over external debt payments, whether for capital
or interest.
It is composed of three main sources:
• Sovereign Risk
• Transfer Risk
• Generic Risk (political, social, devaluations)
The Big Three credit rating agencies are Standard &
Poor's (S&P), Moody's, and Fitch Group, providers
of credit ratings, research, and risk analysis.
The Emerging Markets Bond Index (EMBI) is a
benchmark index for measuring the total return
performance of international government bonds
issued by emerging market countries that are
considered sovereign. The EMBI includes dollar-
denominated loans and Eurobonds. The higher the
Country Risk, the larger the possibility of default.
Source: www.economia.com.mx, 2018 and www.countryeconomy.com, 2018.
Moody’s S&P Fitch
Date
Rating
Outlook
Date
Rating
Outlook
Date
Rating
Outlook
11/04/18 A3 (Stable) 18/07/17
BBB+
(Stable)
16/03/18
BBB+
(Stable)
United Mexican States Credit Rating
Long Term Rating – Foreign Currency
5. Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2018
44,662.55
47,663.20
49,698.01
42,000
43,000
44,000
45,000
46,000
47,000
48,000
49,000
50,000
51,000
May June July
Indice de Precios y
Cotizaciones (IPC)
Mexican Stock Exchange
1.3
The Mexican Stock Exchange (BMV) is a public
institution that operates under a concession granted
by the Ministry of Finance (SHCP), observing the
Mexican Securities Law. BMV is the second largest
stock exchange in Latin America with a total market
capitalization of over US$ 530 billion and 140
companies listed.
Its shareholders are authorized brokerage firms, which
each own one share. Its broad market indicator is
known as “Indice de Precios y Cotizaciones” (IPC).
On August 29, 2017, SHCP granted a new concession to
Bolsa Institucional de Valores (“BIVA”) to operate a
new stock exchange in Mexico.
Examples of Marketable Securities
• Capitals Market (Stocks, Fibras)
• Capital Development Market (CKDes)
• Debt Market (Government, Short, Medium and
Long Term Debt).
6. Source: Mexican Central Bank, www.banxico.org.mx, 2018
7.48%
7.70%
7.74%
7.30%
7.40%
7.50%
7.60%
7.70%
7.80%
May June July
Government Treasuries Auction’s
Monthly Results (Cetes 28-days)
Treasuries Market
1.4
Mexico’s Central Bank (Banxico) carries out operations
in the securities market in order to regulate the
liquidity of Mexico’s financial system.
It also undertakes primary auctions of securities for the
government and other public sector entities, and
issues regulations on several financial operations of
financial intermediaries.
Cetes 28
Zero coupon bonds denominated in Mexican Pesos
issued by the Mexican Government. The instrument
due in 28 days is a common reference.
TIIE
The Equilibrium Interbank Interest Rate (TIIE) is
determined by the Bank of Mexico based on quotes
presented by credit institutions, and is calculated on a
daily basis (for periods of 28 and 91 days) having as its
starting date the publication in the Official Gazette of
the Federation. Highly used to set credit operations in
Mexico.
7.86%
8.10% 8.10%
7.70%
7.80%
7.90%
8.00%
8.10%
8.20%
May June July
TIIE – 28 days
7. Source: Mexican Central Bank, www.banxico.org.mx, 2018
4.55%
4.51%
4.65%
4.40%
4.45%
4.50%
4.55%
4.60%
4.65%
4.70%
May June July
Annualized Inflation Rates
measured monthly
Inflation Rate
1.5
Inflation can be defined as a continuous and
widespread increase in goods and services
prices.
The inflation rate for Mexico is based upon
the Consumer Price Index (CPI). INEGI
(Instituto Nacional de Estadística Geografia e
Informática) is responsible for calculating and
publishing the rate in the Official Gazette of
the Federation within the first 10 days of
every month.
The Consumer Price Index (CPI) is the
statistical instrument that calculates inflation
by continuously measuring the price changes
of households’ representative basket of
goods and services.
8. Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2018
The Investment Unit (Unidad de Inversion,
UDI) is a value unit linked to the overall
movement of prices. It is commonly used in
financial operations or investment
instruments that are required to guarantee a
return above inflation. The Mexican Central
Bank is the responsible authority to publish
its value in Mexican Pesos for each day of the
month.
6.005882
6.013531
6.040489
5.980000
5.990000
6.000000
6.010000
6.020000
6.030000
6.040000
6.050000
May June July
Investment Unit (UDI)
Investment Unit (UDI)
1.6
9. Source: Public Accountants Mexican Association, IMCP, http://imcp.org.mx/, 2018
The Mexican Economic Confidence Index,
IMCE, is an indicator which aims to quantify
the expectation of the perceived business
climate through the perception of more than
20,000 registered public accountants of
nearly 60 colleges affiliated to Public
Accountants Mexican Institute, IMCP.
The indicator is divided into two main
components, which presents the current
perception in the business climate as well as
the perspective in six months. Its score is
measured through a range of 0 to 140 points.
Higher values represent higher optimism.
Economic Confidence Indicator (IMCE)
73.27
71.52
75.13
$69
$70
$71
$72
$73
$74
$75
$76
May June July
Economic Confidence
Indicator
1.7
10. Source: Mexican Central Bank, www.banxico.org.mx, 2018
Known as financial assets invested abroad by
the Mexican Central Bank that can easily be
converted into means of payment.
According to the Mexican Central Bank, the
following are considered as International
Reserves:
• Foreign bank notes and coins;
• Deposits, securities and stocks payable
outside of Mexico;
• Loans by Central Banks payable at no
longer than six months;
• The Special Drawing Rights at the
International Monetary Fund.
$173,118
$173,177
$173,238
$173,040
$173,060
$173,080
$173,100
$173,120
$173,140
$173,160
$173,180
$173,200
$173,220
$173,240
$173,260
May June July
International Reserves
(Million USD)
International Reserves
1.8
11. Source: Ministry of Economy, https://www.gob.mx/se/, 2018
The Foreign Direct Investment (FDI) is an
important catalyst for development, since it has
the potential to generate employment, increase
savings and attract foreign exchange, encourage
competition, strengthen the transfer of new
technologies and boost exports. All this
positively affecting the productive and
competitive environment of a country.
The General Direction of Foreign Investment
(DGIE), as part of Mexico’s Ministry of Economy,
makes available a series of statistical and
economic documents on FDI.
Foreign Direct Investmet
1.9
Others, 14.2%
France, 4.0%
Netherlands,
5.1%
Australia,
5.9%
Canada, 8.6%
Spain, 18.6%
U.S., 43.6%
FDI Origin by Country
January – March 2018
12. Knowledge Center
5 Ways To Fight Corruption in Latin America
Corruption has solidified its place at the top of the agenda for policymakers and
citizens across Latin America and the Caribbean. InSight Crime explores five
proposals that could boost the ability of countries to achieve lasting advances in the
fight against graft.
Featured Content
2.1
13. Article Exchange
Tips for Understanding Critical Audit Matters
Auditors soon will be able to provide more helpful information in their audit reports by communicating “critical audit
matters” in addition to the pass/fail opinion on the financial statements.
How will Tariff-Driven Price Hikes Affect Sales?
Citing higher costs from steel, aluminum, and other tariffs, automotive, beverage, and other manufacturers have or are
planning to raise prices in the second half of the year, according to The Wall Street Journal.
Forbes Fintech 50 Call for Nominations, 2019
For three years, Forbes has published its Fintech 50 list, highlighting the top private companies that are transforming
finance through technology, from helping investors trade bitcoin to making loans more inclusive.
Bitcoin Speculators, not Drug Dealers, Dominate Crypto use Now
The ratio of legal to illegal activity in Bitcoin has flipped, according to Lilita Infante at the U.S. Drug Enforcement
Administration.
Five Ways Blockchain will Juice Supplier Management
Blockchain tracks shipments in real time, enables automation, standardizes processes, creates trust, and provides
growth opportunities.
The Board’s Role in promoting an Ethical Culture
Boards that prioritize corporate culture, watch for red flags, and set clear expectations will encourage ethical behavior
throughout the company.
2.2
14. Latin America Update
Automation in Latin America: A Threat or an Opportunity?
Latin America has much at stake in this oncoming era of
automation. Regions that have high percentages of
undereducated, low-skilled workers are likely to be hit the
hardest by machine replacement. It stands to reason that if
robots are considered to be justifiable replacements for low-
skilled laborers in manufacturing, retail and other areas, humans’
share in production value will be dramatically reduced.
Latin America has Embraced Quotas for Female Political
Candidates
Despite the quotas, women still hold a small share of the most
important legislative jobs. And the region’s number of female
presidents has fallen from four in 2014 to zero today.
Unsurprisingly, quotas have increased the number of female
lawmakers—especially since those lawmakers tend to vote to
raise the quotas still further.
China is building Ties with Latin America, and now focus on
Major Trading Hub
Panama and China opened free trade talks with the aim of
crafting an agreement that could turn the Central American
country into a hub for Chinese goods across Latin America.
Traditionally close to Washington because the US had controlled
its famous shipping canal for decades, Panama has set its sights
on attracting more inward investment from China.
Open Banking in Latin America is Making its Move
Right now, open banking isn’t about waiting for the music to start;
it’s about taking the necessary first steps today to become familiar
with the methods and protocols that will dominate financial
services for the next decade. If the recent influx in FinTech-bank
collaborations is any indication, many financial institutions in Latin
America are kicking off their own initiatives before waiting for new
open banking and API rules to roll out in Europe, Mexico, and
elsewhere.
How Inversiones Security is fostering transparency in Chile’s
Banking Sector
Chile is ranked as a high-income economy by the World Bank and
is considered to be South America’s most stable and prosperous
nation. It leads Latin American nations in competitiveness, income
per capita, economic freedom and low levels of perceived
corruption. Although Chile has high economic inequality as
measured by the Gini index, it is close to the regional mean.
2.3
16. CONSULTING POWER THAT CAN BE
AVAILABLE FOR THE TIME REQUIRED BY
YOUR PROJECT, WITH NO LONG TERM
COMMITMENTS AND WITH HIGH LEVELS OF
FLEXIBILITY.
All our practice leaders are senior level
executives with experience in
multinational corporations and in specific
functional roles.
We get the job done at the same time
that we become agents of change for our
clients, bringing a fresh perspective into
problem-solving and sharing past
experiences and best practices.
Capable of fully embedding into your
operations and creating value since the
very first day. No learning curve.
Our Value Proposition
17. OUR SERVICE PORTFOLIO
BUSINESS ASSURANCE
Business Process Assessments
Internal Audit Co-Sourcing
Fraud Prevention / Detection
Know Your Customer / Supplier
Financial Due Diligence (M&A)
Loan Review
Special Audits
TALENT SOLUTIONS
Interim Management
Project Support
Rotation Insurance
Test-Drive Model (Contract-to-Hire)
Project Management
Change Management
Training & Development
FINANCE OPTIMIZATION
Cost Savings Initiatives
Process Automation
Lean Finance
Trust (Fideicomiso) Management
Credit Solutions
Private Equity
Personal Financial Planning
STRATEGY & COMMUNICATIONS
Strategic Planning
Advisory Board
Consejeros / Comisarios
Open Innovation
IPO Readiness
Crisis Management
Business Landing Services
18. Success Case Study
CLIENT:
CONTEXT:
OUR
INTERVENTION:
RESULTS:
U.S.-based multinational, member of the Fortune 100, large player in the
financial services industry, with long-term presence in Mexico.
The CFO of the Company required a consultant that could play the role of a
hands-on trusted business advisor and take care of special projects and
initiatives that could not be handled by the regular Finance staff, whether
because of the confidential nature of the task, or because of the level of
specialization and experience required, or simply not to take focus away from
the day to day operations.
After several discussions with the CFO, we provided three of our best Finance
consultants for interview in order to select the one that was considered best fit.
We provided internal training to our consultant in order to get him up to speed
on certain particularities of the industry, and also organized a half-day
introductory session with the client for that same purpose. In less than two
weeks from our first conversation, our consultant was up-and-running and
supporting the CFO on the tasks required.
Our consultant became an integral part of the Finance team, helping the CFO to
progress more quickly on special projects without having to divert much time
from the people in charge of daily operations. Our consultant has been with the
Client for six years, and in that time has played many different roles, from back
fill to the CFO during holidays or sick time, to immediate replacement of a key
manager that left suddenly, to Lead Project Manager of a complex Peoplesoft
implementation. Our consultant today is a resource that can be deployed with
full flexibility to resolve a wide variety of key pressing issues.
19. Complete Profiles
Armando Nuricumbo
Jorge Pulido
Oscar Becerril
Guillermo Lagos German de la Garza
CPA. CFE. MsC.
MBA.
MBA.
PhD. Former President Staff
Jesus Bush
MBA.
Accounting. Finance.
Risk. Audit. Strategy.
Financial Markets.
Investor Relations.
Corporate Strategy.
Open Innovation.
Financial Services.
Credit. Risk. M&A.
Intrapreneurship.
50+ Talent Solutions.
Government
Relations. PR & Crisis.
Your Practice Leaders
Alejandro Rico
MsC. Taxes
Tax advice.
Compliance initiatives.
Jose Trevino
Former NAFTA team
International Relations.
Business Landing.
Angel Hernandez
MBA.
Financial Planning &
Analysis.
Roberto Fernandez
MsC. IT
Information Technology.
Project Management.
Edgardo de la Rosa
MsC. Finance
CFO Services.
Treasury.
Jorge Silva
MBA.
IPO Preparation.
Corporate Governance.
20. How we can help your business projects
Immediate and
flexible support
for your projects
and initiatives
12
Practice
Leaders
More information
Full scalability. We
can be as big or
small as your
specific project
needs. Our lean
structure means
very atractive
consulting rates
Team of
internationally
recognized
business advisors
who provide a
fresh and
independent
point of view
Highly
personalized level
of service. We
focus on you! 40
Multi-
disciplinary
Senior
Consultants
16
Partnerships
with Other
Consultancies
21. We care about your business priorities.
Let’s talk!
E-mail: contacto@nuricumbo.com
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Skype: nuricua
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