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. And another shoe could fall after Wednesday's default: the declaration of a damaging "credit event" for Argentina. The cost of insuring the South American country's debt surged on Thursday. The default came after Argentina failed to strike a deal in time to meet a midnight U.S. EDT (0400 GMT) payment deadline set by a U.S. judge in New York. Argentina has waged a long legal battle in the ... (full story)