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Indonesia Tsunami Warning 2012: 8.7 Earthquake, Huge Aftershock Strike Fear On Wednesday [VIDEO]

On Wednesday an 8.7 magnitude earthquake struck right off the waters of Indonesia. The huge quake could be felt in Singapore, Thailand and India. In 2004, a 9.1 magnitude earthquake struck Indonesia, setting off a tsunami. Over 226,000 people in Sri Lanka, Thailand, Indonesia, India and nine other countries were killed, reports CNBC. The latest earthquake has set fears of a Tsunami in residents.

Global Commercial Sales Property Market Volumes Down

Direct commercial property transaction volumes reached $75 billion in the first quarter of 2012, down 23% year on year, but real estate fundamentals remain attractive despite continuing economic uncertainty, according to the latest market report from Jones Lang LaSalle.

Mortgage Rates Rising in the UK

Average rates across two and five year fixed products for property borrowers in the UK have crept up, according to a new analysis of available rates.