European CDS indexes widened further on Friday, on equities weakness and risk aversion after US President Barack Obama's proposals to reform the banking sector. By 1200 GMT the investment-grade Markit iTraxx Europe index was at 83.25 basis points, according to data from Markit. This was 3.25 basis points wider versus late Thursday, according to data from BGC Partners.
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- Solvay holding denies received offer for shares
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- Three British managers held in French bossnapping
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