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MOSCOW (AP) — Edward Snowden's temporary asylum status in Russia will expire at midnight Thursday, but the former U.S. National Security Agency systems administrator appears set to stay on until authorities decide on his application for an extension.
By Sarah Marsh BUENOS AIRES (Reuters) - 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. After a long legal battle with hedge funds that rejected Argentina's debt restructuring following a 2002 default, Latin America's third-biggest economy failed to strike a deal in time to meet a midnight payment deadline. Any such ruling would set off a series of insurance payments and give most of Argentina's current bondholders the right to demand their money back immediately. The cost of insuring Argentina's debt against default fell sharply on Thursday, however, data provider Markit said, as investors speculated a deal could be struck, even if only in the long term.