AIG spin-off to benefit Cyprus operations

— S&P analysts favour deal — American International Group’s decision to turn its property-general insurance business into a new company, so that it can sell shares of the firm to the public,

Oil falls from session highs after U.S. data

Oil retreated towards $50 a barrel on Thursday, erasing earlier gains after weak U.S. employment data and news that U.S. automaker Chrysler will file for Chapter 11 bankruptcy. Prices had earlier advanced

Cyprus industry prices down in March

Industrial prices have fallen in Cyprus according to the latest figures from the Statistical Service. The industrial output prices index for March 2009 reached 117.2 (base 2005=100), recording a decrease of 1.5%