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Monday, July 4, 2011 12:00 AM PDT

Today's Reuters Business News Headlines - Yahoo! News: Peabody, China, Russia teams to win Mongolia mine bid Foster's wine spin-off surges on report of Chinese Stocks, euro rise as China, Greece risks fade Peabody among prelim winners for Tavan Tolgoi: source More questions raised about Strauss-Kahn accuser "Transformers" global box office hits $372 million BOJ Shirakawa says global growth slowing but recovery intact Australia grounds Singapore's Tiger Airways over safety Short-sellers' hunt for fraud shifts to Hong Kong Analysis: Short-sellers' hunt for fraud shifts to Hong Kong Iraq oil minister says no need for national oil company "Transformers" global box office hits $372 million Case for Sprint shares weakens: Barron's Weber says UBS generation change key task: report Greek sovereignty to be massively limited: Juncker Peabody, China, Russia teams to win Mongolia mine bid Sun,3 Jul 2011 10:47 PM PDT Reuters - SHANGHAI (Reuters) - Peabody Energy , a venture between China's -Shenhua and Japan's Mitsui & Co , and a Russian-led consortium have been picked as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior Mongolian government source said Monday. Full Story1 Top Foster's wine spin-off surges on report of Chinese Sun,3 Jul 2011 09:49 PM PDT Reuters - MELBOURNE (Reuters) - Shares in Australia's Treasury Wine Estates Ltd surged 11 percent to a record on Monday, valuing the world's second-largest winemaker at $2.6 billion, following a report that China's Bright Food Group was considering a bid for the company. Full Story1 Top Stocks, euro rise as China, Greece risks fade Sun,3 Jul 2011 08:53 PM PDT Reuters - HONG KONG (Reuters) - Asian equities climbed a fifth consecutive session on Monday, led by Chinese stocks, and the euro inched higher as some near-term risks receded about Greece's funding for the rest of the year and a slowdown in China appeared relatively moderate. Full Story1 Top Peabody among prelim winners for Tavan Tolgoi: source Sun,3 Jul 2011 08:16 PM PDT Reuters - SHANGHAI (Reuters) - U.S. miner Peabody Energy , a venture between China's Shenhua and Japan's Mitsui & Co and a Russian-led consortium have been picked as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior Mongolian government source said on Monday. Full Story1 Top More questions raised about Strauss-Kahn accuser Sun,3 Jul 2011 07:55 PM PDT Reuters - NEW YORK (Reuters) - Scrutiny of the accuser in the sexual assault case against former IMF chief Dominique Strauss-Kahn intensified on Saturday after more revelations about her conduct following the purported May 14 attack. Full Story1 Top "Transformers" global box office hits $372 million Sun,3 Jul 2011 07:19 PM PDT Reuters - LOS ANGELES (Reuters) - Big-budget Hollywood flick "Transformers: Dark of the Moon" smashed rivals and delighted movie fans around the world, ringing up $372 million at global box offices since its Wednesday debut, Paramount Pictures said on Sunday. Full Story1 Top BOJ Shirakawa says global growth slowing but recovery intact Sun,3 Jul 2011 06:47 PM PDT Reuters - TOKYO (Reuters) - Bank of Japan Governor Masaaki Shirakawa said the world economy continues to recover albeit at a slower pace, taking a slightly more cautious view on global growth as signs of a slowdown spread to emerging economies. Full Story1 Top Australia grounds Singapore's Tiger Airways over safety Sun,3 Jul 2011 03:17 PM PDT Reuters - CANBERRA (Reuters) - Australia's airline safety regulator has grounded the local operations of Singapore's budget carrier Tiger Airways Holding Ltd over "serious" safety concerns, disrupting thousands of passengers at the start of the school holiday season. Full Story1 Top Short-sellers' hunt for fraud shifts to Hong Kong Sun,3 Jul 2011 12:01 PM PDT Reuters - NEW YORK (Reuters) - They are victims of their own success. So now it's time for short sellers of Chinese stocks listed in North America to shift their attention thousands of miles away to Hong Kong. Full Story1 Top Analysis: Short-sellers' hunt for fraud shifts to Hong Kong Sun,3 Jul 2011 11:56 AM PDT Reuters - NEW YORK (Reuters) - They are victims of their own success. So now it's time for short sellers of Chinese stocks listed in North America to shift their attention thousands of miles away to Hong Kong. Full Story1 Top Iraq oil minister says no need for national oil company Sun,3 Jul 2011 10:32 AM PDT Reuters - BAGHDAD (Reuters) - The creation of a new Iraqi National Oil Company to run the OPEC member's energy sector is not essential and might confuse the work of the oil ministry, Iraq's oil minister said on Sunday. Full Story1 Top "Transformers" global box office hits $372 million Sun,3 Jul 2011 10:08 AM PDT Reuters - LOS ANGELES (Reuters) - Big-budget Hollywood flick "Transformers: Dark of the Moon" smashed rivals and delighted movie fans around the world, ringing up $372 million at global box offices since its Wednesday debut, Paramount Pictures said on Sunday. Full Story1 Top Case for Sprint shares weakens: Barron's Sun,3 Jul 2011 08:52 AM PDT Reuters - NEW YORK (Reuters) - The case for buying shares of wireless company Sprint Nextel Corp is weakening as the company faces tough choices about upgrading its network, Barron's reported in its latest issue. Full Story1 Top Weber says UBS generation change key task: report Sun,3 Jul 2011 06:44 AM PDT Reuters - ZURICH (Reuters) - One of the most important tasks facing Axel Weber as UBS's next chairman will be to press on with a change of generations in the Swiss bank's management, he told a Sunday magazine. Full Story1 Top Greek sovereignty to be massively limited: Juncker Sun,3 Jul 2011 05:07 AM PDT Reuters - BERLIN (Reuters) - Greece faces severe restrictions on its sovereignty and must privatize state assets on a scale similar to the sell off of East German firms in the 1990s after communism fell, Eurogroup chairman Jean-Claude Juncker said. Full Story1 Top

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