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

airport drill

Jalisco winter tourism rises and Vallarta gains 4%

Jalisco drew about 1.6M winter-holiday tourists, up 4%. Puerto Vallarta also rose 4% as new...
Mexican peso strengthens

Peso strengthens as Fed chair probe hits the dollar

The peso firmed near 17.9 per dollar as a criminal probe involving Fed Chair Jerome...
BCS rent regulation

Mexico City renting 2026 rules reshaping the market

Mexico City rentals in 2026 face inflation-capped hikes, one-month deposits, contract registration, and protections for...
Mexico earns Guinness record for largest embroidery show

Mexico earns Guinness record for largest embroidery show

Mexico set a Guinness World Records mark at Los Pinos with 3,106 embroidered and textile...