Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Trump Says Iran Talks Halted as Strait of Hormuz Dispute Fuels Oil Concerns 
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears 
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts 
Foreign U.S. Treasury Holdings Fall as Japan, UK and China Cut Positions 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
Asian Stocks Slide as Chip Selloff and High Bond Yields Hit Markets 
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Add as a preferred source on Google
The gross domestic product (GDP) of Switzerland remained unchanged during the third quarter of this year, slightly missing market expectations as increase in investment was offset by net trade.
Switzerland registered flat growth after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent, data released by the State Secretariat for Economic Affairs showed Friday. The year-on-year advance was also lower than expected at 1.3 percent from 2.0 percent previously.
Also, consumer spending increased 0.1 percent for the quarter with a decline in spending on housing and energy. There was also a small decline in government spending for the quarter. There was an increase of 0.5 percent in investment spending and there a recovery in construction spending following two successive quarterly declines.
There was a decline in exports of 0.2 percent for the quarter as imports advanced with the trade data having a negative overall impact on GDP. Equipment and software investment as well as construction investment climbed 0.5 percent each.
Meanwhile, exports of goods dropped 0.2 percent and that of services slid 0.8 percent. On the other hand, imports of goods rose 0.2 percent and services import remained flat.
