Latest Monopsonies Stories

2006-06-22 20:29:13

CANBERRA (Reuters) - Australian Prime Minister John Howard said on Friday it would be inappropriate to apologize to Iraq yet for the killing of an Iraqi government bodyguard by Australian troops in a shooting mishap in Baghdad. Australia is trying to negotiate new wheat deals worth hundreds of millions of dollars but Iraqi Trade Minister Abdul Falah al-Sudany has called for an apology for the shooting and threatened to reconsider trade deals with Australia. Australian soldiers...

2006-06-22 02:50:25

By Aseel Kami and Ross Colvin BAGHDAD (Reuters) - Iraq's trade minister threatened on Thursday to reconsider trade deals with wheat supplier Australia after Australian troops killed one of his bodyguards in a shooting mishap in the capital. The Australian government is trying to negotiate new wheat deals worth hundreds of millions of dollars with Iraq, one of the world's biggest wheat buyers. The U.S. military said four Marines were killed on Tuesday in two attacks in Anbar...

2006-04-13 01:21:32

By Michael Byrnes SYDNEY (Reuters) - Australian Prime Minister John Howard said on Thursday his government was misled by the country's wheat exporter about its oil-for-food deals in Iraq, which a U.N. report said involved multi-million dollar kickbacks. Testifying at an official inquiry into reports wheat exporter AWB Ltd. allegedly paid kickbacks to Saddam Hussein's regime, Howard said he was aware U.N. sanctions were broken, but he did not know at the time that any Australian...

2006-02-24 01:41:40

By Michael Byrnes SYDNEY (Reuters) - The U.S. and British governments knew over four years ago that Iraq was demanding extra fees from importers through U.N. oil-for-food funds, an Australian commission of inquiry was told on Friday. Shipping group P & O Nedlloyd Ltd. (PONL) told the inquiry, which has so far concentrated on $222 million in alleged kickbacks paid by Australian wheat exporter AWB Ltd., that it had advised the U.S. and British navies, as well as the British...

2006-02-03 03:10:00

By Michael Byrnes SYDNEY -- A wheat war between Australia and the United States has threatened a political rift between the two allies after dramatic allegations of kickbacks to the regime of Saddam Hussein by Australia's monopoly wheat exporter, AWB Ltd. The Australia-U.S. alliance, strengthened during the 2003 military invasion of Iraq, is showing cracks as the world's two biggest wheat exporters slug it out over Iraq -- one of the world's largest markets for the grain. A 2005 U.N. report...

Word of the Day
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.