Bloomberg Toronto home prices fell for the third straight month, as rising interest rates spur an abrupt reversal in a city recently at the heart of one of the world’s hottest housing markets. The average selling price for a home in Canada’s largest city fell 3.1% in May to about $939,000 on a seasonally-adjusted basis, according to data from the ...

  Bloomberg Confidence in the euro area economy unexpectedly inched up as fears over rising prices slipped for a second month. A gauge compiled by the European Commission rose to 105 in May — up from a revised reading of 104.9 in April. Economists had expected a slight decline to a 14-month low. Falling confidence among manufacturers was offset by ...

  Bloomberg Telecom Italia SpA is seeking an enterprise value of around 20 billion euros ($21.5 billion) for the landline network it plans to sell to Italy’s state lender and a group of international funds, according to people with knowledge of the matter. The company’s shares rise as much as 5.9% and traded up 4.5% in Milan following Bloomberg’s initial ...