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Vice Premier Ma Kai, Finance Minister Lou Jiwei and central bank governor Zhou Xiaochuan were all Zhu lieutenants at the State Commission for Restructuring the Economy, which drew up the blueprint to sever the army's ties with business and make millions jobless as state-owned enterprises were reformed.
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ATHENS, March 18- The Eurogroup has decided to give Cyprus more flexibility over a bank levy which is part of its bailout conditions, a Greek finance ministry source said on Monday after a teleconference of euro zone finance ministers.
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*Cyprus bailout plan raises fears over euro zone contagion. Euro zone finance ministers want to tap Cyprus' savers for the country to receive a 10 billion euro bailout, which triggered a run on bank deposits after its announcement on Saturday morning.
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*Miners under pressure to focus on core assets. *No quick fix seen for assets in problem commodities. LONDON, March 18- The "for sale" signs which have been hanging for months over Rio Tinto aluminium assets and its diamond mines are symptomatic of a bigger mining industry issue.
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*Cyprus bailout plan raises fears over euro zone contagion. "The fear is that people will think that some of the other peripherals will ultimately have some kind of a similar situation and that may cause some instability at the banks," said Alan De Rose, head trader of government trading and finance at Oppenheimer& Co in New York.
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Goldman Sachs suffered a defeat on Monday as the Supreme Court let stand a decision forcing it to defend against a class action lawsuit claiming it misled investors about the risks associated with mortgage securities.
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*Russia says EU decided without consulting Moscow, may impact loan. *Russia has close financial ties to Cyprus. MOSCOW, March 18- A lack of coordination with Russia in future on Cyprus could affect a decision by Moscow on restructuring its 2.5 billion euro loan to the island, the Russian finance minister said on Monday.
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NEW YORK, March 18- U.S. Euro zone finance ministers want to tap Cyprus' savers for the country to receive a 10 billion euro bailout, which triggered a run on bank deposits after its announcement on Saturday morning.
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PARIS, March 18- The head of Indonesia's Lion Air said after a placing a record Airbus order on Monday that he would use the aircraft to start up new airline ventures underpinned by strong demand in Asia. Lion Air, which is poised to start operations in Malaysia, has not decided whether to pursue a venture in Australia, he added.
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*Focus on Cyprus parliament vote, peripheral bond yields. LONDON, March 18- The euro fell sharply on Monday, hurt by news of a bailout plan for Cyprus that will tax bank deposits and which has raised fears of bank runs elsewhere in the euro zone.
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*Focus on Cyprus parliament vote, peripheral bond yields. LONDON, March 18- The euro slumped on Monday as investors took news of a bailout plan for Cyprus that involves taxing bank deposits as a dangerous precedent that could ultimately lead to bank runs elsewhere in the euro zone.
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*Cyprus faces make-or break vote over deposit tax. The announcement at the weekend that tiny Cyprus would impose a tax on bank accounts as part of a 10 billion euro bailout broke with previous practice that depositors' savings were sacrosanct. The government says Cyprus has no choice but to accept the bailout with the levy on deposits, or go bankrupt.
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TOKYO, March 18- Japanese government bonds rose on Monday, pushing the benchmark 10- year JGB yield near 10- year lows, after the euro zone stunned investors by forcing Cypriot savers to take on some of the burden of the bailout of the financially-stricken island.
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*Cyprus faces make-or break vote over deposit tax. NICOSIA, March 18- Cyprus's government was working on a proposal to soften the blow of a bank deposit levy on smaller savers ahead of a parliament vote on Monday on the measure central to a euro zone bailout designed to avert bankruptcy.
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BERLIN, March 17- Germany's finance minister said on Sunday Berlin would have respected the bank deposit guarantee on small savers' insured deposits but the Cypriot government, European Commission and European Central Bank decided against this.
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*Cyprus parliament postpones vote on levy. NICOSIA, March 17- Cyprus's parliament has postponed until Monday an emergency session to vote on a levy on bank deposits after signs that lawmakers might block the surprise move agreed in Brussels to help fund a bailout and avert national bankruptcy.
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*Cyprus parliament postpones vote on levy. NICOSIA, March 17- Cyprus's parliament postponed an emergency session called to approve a levy on bank deposits on Sunday after signs lawmakers could block the surprise move agreed in Brussels to help fund a bailout and avert national bankruptcy.
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Cyprus's parliament will vote Sunday on whether savers must pay a levy on bank deposits under terms for an international bailout. Approval is far from certain.
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BRUSSELS, March 16- The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros, but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider run on savings.
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BRUSSELS, March 16- The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros, but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider bank run.