Bloomberg Sales of new US homes cooled in April from an 11-year high amid a surge in prices, adding to signs of softness in housing at the start of the quarter. Single-family home sales fell 6.9 percent to a 673,000 annualised pace, close to economist estimates following an upwardly revised March reading of 723,000, government data showed. The median sales ...

Bloomberg Sweden’s unemployment rate fell to a 14-month low in April, providing surprisingly favourable data for the central bank as it seeks to increase interest rates amid slowing economic growth. The seasonally adjusted rate came in at 5.9 percent, down from a 17-month high of 6.7 percent in March. Economists polled by Bloomberg had expected a rate of 6.5 percent. ...

Bloomberg President Donald Trump said he wasn’t bothered by recent North Korean ballistic missile tests his national security adviser labeled a violation of UN resolutions, adding that sanctions on the country give him time to reach a disarmament deal with Kim Jong-un. Trump said he believes the North Korean leader wants to build up his country’s economy, and that giving ...