STATE Street Corp, the third- largest custody bank, said profit climbed to $454 million (€358m), or 93 cents a share, from $435m, or 87 cents, a year earlier.

INTERNATIONAL financial services company State Street has made its first foray into the asset management sector here, via the €57 million purchase of Bank of Ireland Asset Management (BIAM).

Dublin: State Street, the world’s second-biggest money manager for institutions, is in talks to purchase Bank of Ireland’s asset-management business, according to three people familiar with the matter.

SOME of the country’s largest firms continued to show their charitable side this Christmas, despite the economic downturn.

TIMARWA, now that she has her sights considerably lowered, is difficult to oppose in the Listed Irish Stallion Farms' EBF Hurry Harriet Stakes at Gowran Park this evening.

AIB/BNY yesterday denied any knowledge of setting up a base in Carlow.

US stocks plunged today, with the Dow Jones industrials shedding nearly 112 points, as investors were pummelled by a sharp climb in oil prices, rising unemployment and a disappointing 2005 forecast from General Motors.

Wall Street pushed to new 52-week highs today as investors cautiously picked up shares on expectations of stronger growth in 2004. A heightened terror alert limited gains.