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The Gulf Arab emirate of Abu Dhabi buys Citigroup slice for $7.5 billion. MOREINFO: * OPEC hint eases oil price * EU, China warm up for talks * Barclays remains confident * European stocks slide again Darcy Lambton reports. SCRIPT: Citigroup is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi. The move will give the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive. Citi has been hurt by some $6.8 billion of writedowns and losses in the third quarter, and the potential for another $11 billion in the fourth quarter. The sale is being made to the $650 billion Abu Dhabi Investment Authority, the world's largest sovereign wealth fund. Analysts say the move may signal the freefall in U.S financial stocks is close to ending. /// European Commission president Jose Manuel Barroso has urged China to balance trade between the two sides, to act more on climate change and to reverse the yuan's slide against the euro. Barroso's made the speech in a visit to China's Central Communist School, a key provider of the country's future political leaders. His remarks come one day ahead of a high-level summit between EU and China. SOUNDBITE (English) JOSE MANUEL BARROSO, PRESIDENT OF EUROPEAN COMMISSION, SAYING: "One issue, however, deserves sustained political attention from leaders on both sides -- the growing trade deficit between the EU and China. The current situation is not sustainable. European Union is responsible for only 14 percent of green-house gas emissions, and is acting, but can not act alone. We have fixed new and very ambitious objectives for ourselves, but these will serve little purpose if other countries, including China, a huge consumer of fossil fuels, do not join in common action." /// Oil has fallen below $95 a barrel ... investors are betting that the OPEC exporter group will boost supply for a second time this year at a meeting next week to cool near-record prices. That was partly fuelled by comments from OPEC member Indonesia which has said it would support a supply boost. Traders say that technical factors have also pressured the market after prices surged to a record of $99.29 a barrel last week. As you can see the price is currently way down on that figure. /// In company news, shares in Barclays have been rising ..... that's after the British bank said that it's confident of meeting expectations for 4 percent earnings growth this year. It's also said that diversification had provided some shield from turbulence in capital markets. /// European stocks have extended losses in the latter part of the latest session as oil shares tracked crude prices lower while miners moved down, along with metal prices. ///