Germany’s giant bank, Deutsche Bank, said that it will raise € 9.8bn (USD 12.4bn) in new equity as it seeks new capital investment to take over the retail bank Postbank. Deutsche Bank already owes a third of the equity in Postbank, and the capital increase should secure the equity required for a much needed consolidation of the retail bank. Markets around Europe reacted to the news with a drop...

Eurostat published figures for retail trade for the month of July. Malta recorded a 2.9% boost following Portugal which recorded a 3% and France a 2.2% incease. Romania, Spain and Lithuania all registered a drop. Overall results show an increase in trade of 0.1% on the previous month, and 1.4% increase on July of 2009, within the Euro area.