State Street to service Russell fund
STATE Street Corporation says it has been appointed by Russell Investments to service its new Irish-domiciled common contractual fund (CCF).
State Street's operation in Ireland will provide custody and fund administration services to the new Common Contractual US Equity Plus Fund, which is available to institutional investors.
Accountancy firm secures HR link-up
ACCOUNTANCY firm Baker Tilly Ryan Glennon says it is joining forces with Polaris HR to develop a "one-stop finance, marketing, human resource and management operations service" in the Irish market. It said: "The merger is an important complement to our existing corporate recovery, strategic business planning and related specialities."
€220m in payouts due to 'big freeze'
INSURANCE companies have paid out more than €220m in compensation to home and business owners after last winter's severe weather. Almost 30,000 claims were made in relation to damage caused by burst pipes, data from the Irish Insurance Federation shows.
Oil falls sharply for second day
Oil prices dropped sharply
for a second day, and helped drag stock prices down around the world, after Goldman Sachs warned that crude prices had gotten ahead of fundamentals and were set to fall. Oil traded in New York is down more than 7pc in two days as Goldman Sachs predicted Brent prices will fall back to $105 in "coming months", down from $120 on Tuesday.
Goldman warning hits metal prices
METAL prices fell back yesterday after Goldman warned that the recent commodities boom is probably running out of steam. Four months after advising its clients to put their money into copper, cotton and platinum, the firm declared they should close the trade.