Thursday, April 21, 2016

German watchdog examining sharp price rise in Volkswagen shares

FRANKFURT (Reuters) - German fiscal watchdog Bafin has started a function reappraisal of the shrill damage hike in Volkswagen shares on Wednesday and Thursday, a Bafin spokeswoman aforementioned. Bafin would bridle for insider trading and besides for potential violations of regulations on world revealing announcements, the spokeswoman told Reuters. VW shares rosiness by 6.6 pct on Wednesday and by some 6 pct on Thursday, helped by surmisal the companionship would orbit a less dear than expected accord with U.S. regulators in an emissions rig dirt. (Reportage by Andreas Kroener, authorship by Jonathan Gould; Redaction by Harro Ten Wolde)

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