Senegal has begun recalculating its gross domestic product using an updated base year in a move that could result in an improvement in its debt metrics, its finance ministry said on Tuesday in response to a credit rating downgrade.

Iron ore held its biggest weekly gain since January, with traders looking ahead to the release of data in China that may show the economy of the world’s biggest metals consuming nation expanded more than 5% in the second quarter.

The U.S. economy is expected to see its strongest quarterly growth of the year in the second quarter of the year, according to Bloomberg consensus estimates.

China's economy posted a solid 5.3 percent growth in the first half of 2025, according to data released by the National Bureau of Statistics (NBS) on Tuesday, demonstrating the strong resilience of the world's second-largest economy despite a complex global environment.

China's economy is expected to have slowed down in the second quarter from a solid start to the year as trade tensions with the United States added to deflationary pressures, reinforcing expectations that Beijing may need to roll out more stimulus.

Trump’s “Big Beautiful Bill” just passed both chambers of Congress. It slashes over $1 trillion from Medicaid and cuts anti-hunger programs by $295 billion, all while delivering tax breaks where 72 percent of all benefits go to the top 20 percent of earners. At least 16 million Americans are projected to lose healthcare coverage.

SINGAPORE] The economy expanded 4.3 per cent year on year in the second quarter of 2025, extending the pace of growth in the previous quarter, advance estimates from the Ministry of Trade and Industry (MTI) showed on Monday (Jul 14).

From Chinese economy beating forecasts to Australian prime minister’s visit to China, here’s a round-up from today’s coverage.