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German government eyes larger hike in postal charges; Post shares rally

German government eyes larger hike in postal charges; Post shares rally. DUESSELDORF, Germany (Reuters) - The German government could order a larger increase in the cost of sending a letter than earlier planned, the Frankfurter Allgemeine Zeitung reported, sending shares in Deutsche Post 2.6 percent higher on Monday. The hike would be larger, but come later, than a hike of up to 4.8 percent in the standard letter rate of 70 cents (0.61 pounds) that had originally been pencilled in for April and would have remained in force until the end of 2021. The regulator was aware of the government's deliberations, and was examining whether to make short-term changes in its ongoing deliberations on adjusting postal charges, a spokesman said.

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