Puerto Vallarta News

Puerto Vallarta 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

Organized crime recruitment of minors is rising, report says

A report highlighted growing recruitment of minors by organized crime, outlining how criminal groups pull...
Mexican peso exchange rate

Peso strengthens after softer-than-expected US private jobs data

The peso edged stronger as ADP hiring missed forecasts, nudging the dollar lower. Traders now...
puerto vallarta plan

Puerto Vallarta holiday boom draws 315,000 visitors

Puerto Vallarta drew 315,000+ holiday visitors, generating 2.241B pesos and 87% average hotel occupancy, outpacing...
Three Kings parade

Three Kings parade brings San Miguel streets to life

San Miguel’s Cabalgata de Reyes Magos set off at 4:30 pm from El Cardo, ending...