BUENOS AIRES (Reuters) -Argentina's central bank cut its benchmark interest rate by 300 basis points to settle at 29%, it announced in a statement on Thursday, as inflation continues its downward path in South America's No. 2 economy.

Argentina’s Central Bank cut its benchmark interest rate by 300 basis points to 29 percent as inflation continues to slow in South America’s second-biggest economy. The bank’s board said the cut was due to reduced inflation expectations and that the new rate takes effect Friday, according to an emailed statement.

Spain strengthens its historical role as a bridge between Europe and Latin America with the arrival of MERGE Buenos Aires, a

Markets in Argentina have rallied in recent days on the strength of their expectations. "The imminent reduction of the crawling peg, the potential rate cut, along with calm in the exchange rate, continues to create a snowball effect in favor of placements in pesos," economist Gustavo Ber said.

Economic activity in Argentina likely fell again in November versus the same month a year earlier, but less than the 0.7% contraction in October, a Reuters poll of market analysts on Wednesday showed.

With its extensive collection of avant-garde 20th-century works, the Museum of Latin American Art of Buenos Aires (MALBA) is an essential stopover for art lovers. It holds more than 400 pieces and ...

Brazil's central bank will raise its benchmark interest rate by 100 basis points on Jan. 29, with more to increases follow, taking the cost of borrowing to the highest in nearly two decades by mid-year,

Argentina’s central bank cut its benchmark interest rate by 300 basis points to 29% as inflation continues to slow in South America’s second-biggest economy.Most Read from BloombergManhattan’s Morning

The Latin American Rabbinical Seminary in Buenos ... Aires from 1958 to 1984. In 1962, he created the Latin American Rabbinical Seminary, which ordains rabbis in Argentina and throughout Latin ...

Brazil's central bank will raise its benchmark interest rate by 100 basis points on Jan. 29, with more to increases follow, taking the cost of borrowing to the highest in nearly two decades by mid-year,

Wendy's has become the latest major central Ohio employer to tell workers to return to the office. The restaurant chain told corporate employees they must work from the office at least four days a week starting in May.

As Colombians deported from the United States Jan. 28 arrived to their home country on flights operated by Colombia's military, shockwaves reverberate among Latin American bishops and bishops' conferences as the church decries "pain" and "drama" of compatriots.