Fitch Ratings-Shanghai-25 January 2021: Stronger-than-expected sales of passenger new-energy vehicles (NEVs) in 4Q20 helped China's passenger vehicle market to continue to recover, Fitch Ratings says in a new report.

NEW YORK (Reuters) - The world economy is expected to make a modest recovery of 4.7 percent this year after shrinking 4.3 percent in 2020 due to the COVID-19 pandemic - more than double the impact of the global financial crisis in 2009 - the United Nations said on Monday.

NEW YORK/SINGAPORE, Jan 26 (Reuters) - Asian stocks dipped on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration’s $1.9 trillion stimulus weighed on sentiment, dragging U.S. Treasury yields to three-weeks lows.

TOKYO (Reuters) - Oil prices eased on Tuesday, giving up some of the previous session’s gains, as hopes for rapid approval of new U.S. economic stimulus faded while new coronavirus infections around the world mount up.

SINGAPORE (Reuters) - The U.S. dollar steadied on Tuesday as rising coronavirus cases and doubts over the speed and size of U.S. stimulus tempered financial markets’ upbeat mood, while investors were also cautious ahead of the Federal Reserve’s review later in the week.

SEOUL (Reuters) - South Korea’s economy grew at a faster-than-expected pace in the fourth quarter as it ended the coronavirus-stricken year solidly poised for a recovery in 2021 thanks to surging exports.