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The business week in numbers

AAP logoAAP 23/09/2016 Garry Shilson-Josling, Economist

The big and small numbers that grabbed attention - or should have - in the business world over the past week.

MONDAY

113 minutes. That's how much the ASX cut its trading hours by when hardware problems caused a 90 minute delay the start of trade, and forced an early end to the day.

TUESDAY

$6,045,080,800,000. The total value of Australia's housing stock rose to over $6 trillion for the first time in the June quarter. The Australian Bureau of Statistics estimated there were 9,703,000 residences with an average value of $623,000.

WEDNESDAY

$US2.34 million. That's the drop in BHP Billiton chief executive Andrew Mackenzie's annual pay, to $US2.24 million, after the resources giant recorded a record full year loss on the back of the Samarco dam disaster in Brazil and plummeting commodities prices. His base salary was kept at $US1.7 million but he did not receive any short or long-term incentive payments.

THURSDAY

Half. The new RBA governor Philip Lowe says that's where he sees the glass when it comes to the Australian economy. Commenting on a parting gift from his predecessor Glenn Stevens, a mug emblazoned with the words "Half Full", Dr Lowe told a parliamentary committee that he "wouldn't want to be the central bank governor in any other country than this one".

FRIDAY

1,000. Telstra is recruiting 1,000 technicians to cut installation and fault repair times and help the switch to the NBN. Brian Harcourt, Telstra's executive director of customer service delivery, said the new staff will allow more experienced technicians to deal with more complex tasks.

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