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By Richard Lough, Eliana Raszewski and Daniel Bases BUENOS AIRES/NEW YORK (Reuters) - Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday. As the clock ticked toward a midnight (0400 GMT) deadline, Economy Minister Axel Kicillof stuck firmly to the government line, repeatedly denigrating the holdouts as "vultures" after two days of intense negotiations. Argentine banks scrambled to put together a proposal to buy out the non-performing debt held by hedge funds and avert a default. It also marks a set-back to the Buenos Aires government's attempts to return to global credit markets.
Olympic champions David Rudisha and Sally Pearson take centre stage at the Commonwealth Games on Thursday where seven medals are up for grabs on the fifth day of track and field. Kenya's Rudisha, who set a blistering world record when winning Olympic gold in London in 2012, will go in the 800m against arch-rival Nijel Amos of Botswana. The men's 400m hurdles also features a strong line-up for the final, with Jehue Gordon gunning for Trinidad and Tobago's first track gold, but with South African Cornel Fredericks looking strong. Australia's Olympic champion Pearson will be hoping to put the controversy over suspended head coach Eric Hollingsworth behind her when she takes to the track for heats in the 100m hurdles.