Buildings swayed in Mexico City and some neighborhoods lost power after a 7.2-magnitude earthquake struck about 273 kilometers (170 miles) southwest of the capital of Latin America’s second-largest economy.
Evya SA de CV, an oil-services provider to Petroleos Mexicanos, is the second Mexican company implicated for having fraudulent loans linked to Citigroup Inc., according to a spokesperson at state-owned Pemex.
Infraestructura Energetica Nova SAB, the Mexican unit of Sempra Energy, has doubled since the company went public last year. Credit Suisse says the stock remains cheap with the company poised to supply pipelines as the country’s energy industry opens to foreign investment.
It looked like the start to another fine year for one of Mexico’s most powerful bankers. Citigroup Inc. Co-President Manuel Medina-Mora held court last month at a Mexico City breakfast where colleagues talked shop over mango, melon and banana. He sat at the right arm of the nation’s president at another February meeting when Enrique Pena Nieto toasted the bank’s drive, charity and influence.