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Broker snap: Credit crunch to hit Gem Diamonds
Even the diamond sector is not immune from the credit crunch, Citigroup said as it cut its rating on Gem Diamonds to 'hold' from 'buy'. It also slashed its target price on the firm to 250p from 700p. While the broker sees long-term value in Gem Diamonds'
SCENARIOS-How the U.S. government might help Citigroup
By Dan Wilchins NEW YORK, Nov 20 (Reuters) - As Citigroup Inc's share price sinks, investors are wondering if the U.S. government will have to help the bank. How is an open question. Four investors that spoke to Reuters proposed some scenarios. MORE
Citi shares sink despite Saudi prince's investment
NEW YORK -- Citigroup Inc. shares tumbled below $5 a share Thursday for the first time in 15 years, a sign that a Saudi prince's decision to boost his stake in the bank failed to galvanize confidence among increasingly anxious investors. Prince Alwaleed
Citigroup shares tumble despite Alwaleed move
NEW YORK (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) lost more than one-quarter of its market value as new support from its largest individual investor failed to ease worries over whether it will have enough capital to withstand

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