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A massive earthquake with a magnitude of near-9 on the Richter scale has been registered off the northern coast of Sumatra in Indonesia.
Financial television station CNBC initially reported the earthquake at 8.7 but has since revised it to 8.9. However, the US Geological Survey (USGS) has downgraded its initial estimate of 8.9 to 8.6.
The Pacific Tsunami Warning Centre has declared a tsunami warning for the region.
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"[The] early warning system is working well," according to Indonesian President Susilo Bambang Yudhoyono.
He is currently meeting UK Prime Minister in the capital Jakarta where the earthquake was not felt. "Britain of course stands ready to help if help is required. We will stand with you and your government and your people at this time of worry," Cameron told Yudhoyono.
BC
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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