Robert Miller with the main City and business news as the death of North Korea's leader Kim Jong-il spooks markets; European Central Bank president Mario Draghi urges Eurozone political leaders to ensure tighter fiscal rules as the central bank keeps cash line open for banks; music and movie retailer HMV warns about its future as interim pre-tax losses widen to £36m and sales fall sharply and the coalition Government is committed to implementing reforms recommended by the Independent Commission on Banking in full.
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