World stocks rally on China's 8.9% growth figure; Citi group Q4 profits fall 11%

PUBLISHED ON: January 17, 2012 | Duration: 20 min, 14 sec

   
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Global stocks rallied on hopes that the Chinese government may move to stimulate growth as its economy expanded at 8.9 per cent, its weakest pace in 2-1/2 years in the latest quarter. In corporate news, Citi group posted disappointing fourth quarter earnings with its profits falling by 11 per cent in the year ago period while revenue fell 7 per cent.

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