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.
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.
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.
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.
