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MARKET CLOSE NZ shares edge higher as stocks advance across Asia
By Paul McBeth Oct 12 (BusinessDesk) - New Zealand shares rose, snapping three declines, as stocks advanced across Asia after Singapore's central bank backed away from monetary stimulus in the face of rising inflation and a slowing economy. The NZX 50 index rose 13.35 points,...

NZ dollar rises as US trade deficit widens; Singapore holds fire
By Hannah Lynch Oct 12 (BusinessDesk) - The New Zealand dollar rose after Singapore unexpectedly refrained from monetary stimulus and the US trade deficit in August widened as slower global growth reduced demand for exports. The New Zealand dollar traded at 81.92 US cents at...

NZRU gets into bed with insurer AIG in major sponsorship deal
By Paul McBeth Oct. 12 (BusinessDesk) - The New Zealand Rugby Union has signed AIG in a major sponsorship deal that gives the American insurer's logo prime position on the All Blacks' jersey. The five-and-a-half year deal, delivering an undisclosed sum to the NZRU, will make A...