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WireTap 0900 19/12/11

A round-up of the key stories across the specialist financial media, including various news and reactions to Kim Jong-il's death.

Kim Jong-il: reclusive leader in a hermit 

North Korean leader Kim Jong-il, revered at home by a propaganda machine that turned him into a demi-god and vilified in the West as a temperamental tyrant with a nuclear arsenal, has died, North Korean state television reported Monday.

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Kim’s death to caste shadow over South Korea

Reuter’s Insider reports how the death of Kim Jong-il will hit markets.

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Australia's Rudd urges caution after Kim's death

Australian Foreign Minister Kevin Rudd Monday called on world leaders to exercise caution and restraint in the handling of North Korea following the death of its leader, Kim Jong Il.

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Draghi warns on eurozone break-up 

Mario Draghi has warned of the costs of a eurozone break-up, breaching a taboo for a president of the European Central Bank, even as he sought to play down market expectations about the ECB’s role in combating the sovereign debt crisis. 

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UK government to accept Vickers ‘in full’

The government will accept “in full” Sir John Vickers’ report proposing an overhaul of Britain’s banks, said Vince Cable, business secretary, as it emerged that bankers at state-controlled lenders face further restraint on bonuses.

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