Silvio Berlusconi

Four-time Italian prime minister and flamboyant divisive figurehead Silvio Berlusconi passed away on June 12, 2023 at the San Raffaele hospital in Milan. He was 86. Starting from a construction business, Berlusconi built a financial empire with branches in numerous sectors, effectively achieving a...

Some elements of this story were previously reported by Benzinga and it has been updated. Bill Browder, a political activist and financier, is warning U.S. representatives and world leaders who support Russia or receive donations from the Vladimir Putin regime. There is “no question...

Former President Donald Trump said he felt like Elvis Presley after the song "Justice For All" — sung by imprisoned Jan. 6 insurrectionists — reached the top of the charts. But after his indictment, Trump may identify more with former French President Nicolas Sarkozy, ...

Former Italian Prime Minister Silvio Berlusconi reportedly said he was back in touch with the Russian President and received letters and gifts from Vladimir Putin on his birthday.  What Happened: Berlusconi, who often boasted of his relationship with Putin until the latter's invasion...

Federal Reserve taper speculation is beginning to take hold on the markets ahead of the closely watched nonfarm payrolls data, due out on Friday. Most expect to see the nonfarm payrolls increase by 180,000 in November. The figure would be lower than October's 204,000 increase and slightly below...

The euro was steady at $1.3593 at 5:15 GMT on Wednesday morning after the dollar lost some of its strength on lower than expected consumer confidence data. The common currency was supported by news that German Chancellor Angela Merkel and the Social Democratic Party were working to strike a deal...

Doug McMillon will replace Mike Duke as CEO of Wal-Mart following the holiday season on January 31, 2014. McMillon, who currently heads up Wal-Mart's international division. He will take over at a time when the company is struggling to compete with other low cost retailers like Target and...

The European Central Bank struck a watchful yet patient tone on Wednesday and pushed the euro above $1.35. The common currency traded at $1.3605 at 5:10 GMT on Thursday morning. The ECB meeting went as expected on Wednesday; the bank kept interest rates fixed and refrained from making any major...

The gridlock between Democrats and Republicans in the US looked unlikely to ease as the US headed into its third day of a Federal government shutdown. The dollar fell to eight month lows on the government’s failure to pass an emergency spending bill, but share markets were resilient as most...

After climbing to $1.3588 on Tuesday, the euro settled at $1.3522 on Wednesday morning as investors awaited the results of the European Central Bank's monthly policy meeting, set to take place on Wednesday rather than Thursday due to a German public holiday. The euro's recent strength has come...

The Republican-led House and Democratic-led Senate failed to come to an agreement on Tuesday evening, leaving the US government no choice but to shut down for an undetermined period. However, most are expecting the shutdown to be short lived and markets responded calmly with the dollar...

The euro was under pressure on Monday after volatile Italian politics flared up over the weekend. The common currency traded at $1.3482 at 6:55 GMT as gains against the dollar were limited by uncertainty about a US government shutdown. Italy's former Prime Minister Silvio Berlusconi has ordered...

US indices slipped in the early hours of Monday as no movement on the emergency spending bill prompted investors to brace for a government shutdown. With the midnight deadline fast approaching, a lack of progress between Democrats and Republicans has most expecting to see the Federal government...

Next week will be a busy one for global markets with the US budget battle and the European Central Bank meeting, but politics in Italy could take center stage as the Italian Senate is expected to decide whether or not to force Silvio Berlusconi to resign due to his tax fraud conviction....

The Federal Reserve will begin its two day meeting today, at which most are expecting to see the bank begin to taper its stimulus program by $10 to $15 billion and maintain current interest rates. The Fed is also expected to reiterate its forward guidance, with a 6.5 percent unemployment...