Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Scotiabank expects to finance $10 bn in energy projects in Mexico

Canadian banking giant Scotiabank plans to finance oil industry projects worth $10 billion in Mexico over the next four years, a high-level executive said.

Oil giants BP and ExxonMobil are among the companies interested in developing projects in the Gulf of Mexico, Scotiabank's Latin America director, Paul D'Agata, told Efe.

A large number of mid-sized firms will participate in the huge oil projects, D'Agata, who attended the 77th Mexican Bankers Association, or ABM, annual convention in the Pacific resort city of Acapulco, said.

Scotiabank has provided financing for some of the world's largest companies . . .

Read Full Story

Related Posts

Park Life brings rental housing to the public market

Park Life brings rental housing to the public market

Park Life’s debut gives Mexico a public-market vehicle for rental housing, a move that could...
puerto vallarta cruises

Puerto Vallarta closes March with 11,668 cruise visitors

Two cruise ships brought 11,668 people to Puerto Vallarta on March 31 as the port...
Mexico’s Public Investment Slump Sends Growth Warning

Mexico’s Public Investment Slump Sends Growth Warning

Mexico’s public investment fell 44.9% through February, driven by energy cuts and Pemex, raising fresh...
Cancún Launches a City Guide Beyond the Hotel Zone

Cancún Launches a City Guide Beyond the Hotel Zone

Todo Cancún combines tourism, culture, sports and downtown routes in one portal as the city...