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By Sarah Marsh and Richard Lough BUENOS AIRES (Reuters) - 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 following the collapse of last-ditch talks with holdout creditors. The default came after Argentina failed to strike a deal with lead holdout investors NML Capital Ltd, an affiliate of Elliott Management Corp and Aurelius Capital Management, in time for a midnight Wednesday EDT (0400 GMT) payment deadline. "Those who expect us to sign any old thing, threatening us that the world will come to an end otherwise, should not count on me," Argentine President Cristina Fernandez said in her first comments since the default. The government maintains it has not defaulted because it made a required interest payment on one of its bonds due 2033, but U.S. District Judge Thomas Griesa in Manhattan blocked that deposit in June, saying it violated his ruling.
WASHINGTON (AP) — Opponents of a plan to break up Washington's nearly 150-year-old Corcoran Gallery of Art presented two alternatives in court this week to preserve the independent museum and art school as a judge considers its proposed merger with two larger institutions.