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  • BUENOS AIRES, July 31- Argentina may have defaulted on its debt for the second time in 12 years on Thursday, but the packed elegant cafes in Buenos Aires show little sign of distress and shoppers rather than protestors fill the streets.

  • BUENOS AIRES, July 31- Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years after the failure of last-ditch talks with holdout creditors.

  • BUENOS AIRES, July 31- Argentine economy minister Axel Kicillof said on Thursday that the country was not in default and threatened court action if any bondholders demanded their money back. Latin America's No.3 economy failed to clinch a deal in last-minute talks with holdout creditors, leaving it unable to comply with debt payments that fell due on July 30.

  • BUENOS AIRES, July 31- Argentina's main government bond, stock market and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the failure of last-ditch talks with holdout creditors.

  • Argentina disputing debt default     Thursday, 31 Jul 2014 | 10:09 AM ET

    Argentina has defaulted on its debt. CNBC's Kate Kelly reports the ISDA has received a request to make a ruling on whether a credit event has occurred in Argentine Republic.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, as focus turned to whether big banks and funds would request the declaration of a "credit event".

  • Argentine holdout fund: No private approach Thursday, 31 Jul 2014 | 9:52 AM ET
    Argentina's Economy Minister Axel Kicillof speaks to the media at a press conference at the Argentine Consulate in New York July 30, 2014.

    Aurelius, along with hedge fund Elliott Management, is firmly holding out on a debt agreement with Argentina.

  • ISDA requested to make Argentina ruling     Thursday, 31 Jul 2014 | 9:15 AM ET

    The International Swaps and Derivatives Association has been asked to make a ruling on whether a credit event has occurred in Argentina. CNBC's Kate Kelly reports the details.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

  • Bank of NY informs bondholders of Argentina default Thursday, 31 Jul 2014 | 8:33 AM ET

    Bank of New York Mellon, a key trustee of Argentine bonds, on Thursday notified bondholders that a payment deadline has elapsed.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

  • Argentine stocks tumble after default news     Thursday, 31 Jul 2014 | 7:03 AM ET

    CNBC's Kate Kelly reports on the ripple effect of Argentina's failure to reach a debt deal.

  • In hedge fund, Argentina finds relentless foe Thursday, 31 Jul 2014 | 6:44 AM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Billionaire Paul Singer's hedge fund has managed to force Argentina into a position where it now has to contemplate a humbling surrender. The NYT reports.

  • Argentina slides into default again     Thursday, 31 Jul 2014 | 6:04 AM ET
    Argentine Economic Minister Axel Kicillof is surrounded by members of the media as he arrives at an office to continue meetings with mediator Daniel Pollack in New York, July 30, 2014.

    For the second time in 13 years, Argentina has fallen into default after debt talks failed, reports CNBC's Kate Kelly.

  • Argentina: There could be a ripple effect     Thursday, 31 Jul 2014 | 5:35 AM ET

    James Rickards, chief global strategist at West Shore Funds and author of 'The Death of Money', says it's too early to say whether Argentina's default will be contained.

  • Argentina's default to impact other markets?     Thursday, 31 Jul 2014 | 4:10 AM ET

    Robert Capurro, CEO of Canning House, discusses how Argentina's default could impact the local economy and says there could be a ripple effect to other Latin American markets.

  • David Rees, emerging market economist at Capital Economics, says Argentina's technical default is the "final hurdle" preventing the country tapping the markets to raise money.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year.

  • Don't blame cheap money for US GDP boost: Pro     Thursday, 31 Jul 2014 | 1:10 AM ET

    Kully Samra, U.K. managing director of Charles Schwab, says the strong U.S. second quarter GDP shows the strength of the underlying economy and cannot be blamed on "cheap money".

  • Default fuels uncertainty, stock drop in Argentina Thursday, 31 Jul 2014 | 12:07 AM ET

    BUENOS AIRES, Argentina— Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears the move could diminish foreign reserves, stoke inflation and drive the economy deeper into recession.