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The business week in numbers

AAP logoAAP 14/10/2016 Garry Shilson-Josling, Economist

Slower migration flows, a mountain of seized documents, Samsung's revenue going up in flames, and a Fantastic share price rise - some of the big and small numbers that grabbed attention in the business world over the past week.

MONDAY

266,420. The number of long-term and permanent arrivals in Australia, including returning residents, exceeded the number of long-term and permanent departures by 266,420 over the year to August. This gauge of net immigration was down from 292,530 in the preceding 12 months and 344,180 the year before that - a declining trend signalling a waning boost to the economy from population growth.

TUESDAY

$31.4 billion. Housing loan commitments totalled more than $31 billion in August, according to seasonally adjusted figures from the Australian Bureau of Statistics. That was down by five per cent, or $1.6 billion, a month less than a year earlier.

WEDNESDAY

60,000. The corporate regulator has taken possession of about 60,000 documents as part of its investigation into the CommInsure scandal. The Australian Securities and Investments Commission is still looking into the company's claims handling practices and procedures and cannot yet comment on the substance of its investigation.

THURSDAY

$US17 billion. Analysts say Samsung Electronics' worst-ever recall could cost the company as much as $US17 billion ($A22 billion) in lost revenue after it halted sales of its flagship Galaxy Note 7 for a second time. Samsung announced the recall of 2.5 million Note 7s in early September following reports of the phones catching fire, and has now told mobile carriers to stop sales or exchange of the device and asked users to shut off their phones.

FRIDAY

$361 million. Shares in Australian furniture maker and retailer Fantastic soared 40 per cent on news it is set for a $361 million takeover by a larger rival, the owner of the Freedom and Snooze brands.

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