“The Government accepts the conviction of Nasheed as lawful and final. The conviction has reached finality after the decision of the Supreme Court on 27 June 2016. The Government notes with concern that although a detailed submission was filed in response to the complaints, very little, if any, consideration has been given to those submissions,” the Maldives Foreign Ministry said. The Maldives Government has rejected the views adopted by the UN Human Rights Committee regarding the complaints filed by former President Mohamed Nasheed alleging the violation of his civil and political rights.The Maldives Foreign Ministry said that the Government of the Maldives is committed to promoting and protecting the rights enshrined in the Constitution of the Maldives and in the International Covenant on Civil and Political Rights as per it’s international obligations, and it wholeheartedly refutes that any of these rights have been violated in the case of the former President Nasheed. “The Government also maintains that the former President Nasheed’s political standing had no bearing, whatsoever, on the charges against him and his subsequent conviction, and reaffirms that the process was free of any and all political influence. As Nasheed has been convicted lawfully, the restrictions on his political participation and association are justified and reasonable under the laws and regulations of the Maldives as well as the rulings of the courts of the Maldives,” the Maldives Government said.The Government notes that Article 109 of the Constitution of the Maldives details the qualifications a person elected as President must hold, and as such, Article 109 (f) states that such a person shall not have been convicted of a criminal offence and sentenced to a term of more than twelve months, unless a period of three years has elapsed since his release, or pardon for the offence for which he was sentenced. The UN Human Rights Committee had concluded in a finding made public that the Maldives must restore ex-President Mohamed Nasheed’s right to stand for office, including the office of President. The finding of violations of human rights was made in response to two individual complaints by Nasheed filed in 2013 and 2016. The Maldives Government said that since Former President Nasheed was convicted on 13 March 2015 and sentenced to 13 years of imprisonment, he would not be eligible to run for the Office of the President unless a period of three years has elapsed since his release or pardon.The Government also notes that the Former President was granted permission to travel abroad to seek medical treatment and that following expiry of the medical leave, he has not returned to serve his sentence and therefore remains a fugitive.

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first_imgNew Delhi: Delhi Police on Monday said that they have arrested three persons who killed the member of their rival gang while he came to the court for attending his case. Police identified the accused as Badal (27), Satender (26)and Asfak Ahmed (24).Police said one of the accused arrested when he came to cast his vote. Deputy Commissioner of Police (crime) Dr G Ramgopal Naik said that on May 6, one person Prince was murdered near court in South Delhi. Also Read – Odd-Even: CM seeks transport dept’s views on exemption to women, two wheelers, CNG vehicles”Prince had come to the Delhi for attending his case. He was fired upon indiscriminately by the assailants near court,” said DCP crime. The victim was taken to hospital, where he was declared brought dead. Police further said that Prince was a known criminal and was involved in more than five cases. Preliminary investigation and modus operandi was indicative of rivalry between two gangs. This incident of firing and murder in open place in South Delhi had created panic. Also Read – More good air days in Delhi due to Centre’s steps: JavadekarTo apprehend the criminals, a team of SIU-I, Crime Branch was deputed. Activities of the gang involved in the crime was closely monitored and it surfaced that gangster Rohit Choudhary along with his associates based in UP and Delhi had committed this crime. “Badal was arrested from village Khanpur, near DTC Depot when he came to cast his vote,” police said. In pursuance of the disclosure statement of the accused Badal, two of his other associates were also arrested. Police further said that there is rivalry between one Rohit Choudhary and Prince . In the recent past, the deceased had abused and threatened Choudhary publicly. Choudhary was trying to eliminate Prince. In earlier two attempts, the victim Prince had escaped from their clutches. But on May 6 they killed Prince. “Badal is a permanent resident of Samalkha in Panipat. Last year in November, while his marriage ceremony was going on, he was fired upon by his rivals. In this incident, he sustained bullet injury,” added police.last_img

TORONTO — The Toronto stock market closed lower Wednesday amid a slew of earnings news and negative moves in commodity prices.Here are the closing numbersTSX — 12,775.28 -13.74 -0.11%S&P 500 — 1,520.33 +0.90 0.06%Dow — 13,982.91 -35.79 -0.26%Nasdaq — 3,196.88 +10.39 0.33%The S&P/TSX composite index declined 13.74 points to 12,775.28 while the TSX Venture Exchange was up 5.28 points at 1,204.23.The Canadian dollar gained 0.09 of a cent to 99.82 cents US.U.S. indexes were mixed as January retail sales met expectations, with the Dow Jones industrials down 35.79 points to 13,982.91.The Nasdaq was 10.39 points higher at 3,196.88, supported by Amazon.com Inc., which has struck a deal with CBS Corp. to expand the networks’s content made available to Amazon’s Prime video streaming service.Amazon stock ran up 4.16% to US$269.47. The S&P 500 index edged up 0.9 of a point to 1,520.33.U.S. retail sales ticked up 0.1% last month after a 0.5% rise in December. January’s increase was in line with expectations and was the smallest in three months after higher taxes cut into the wages of Americans.“However, given continued job gains through the start of this year, we are assuming that this slowing in sales will prove temporary and that greater strength will emerge going forward,” said RBC assistant chief economist Paul Ferley.Analysts think that trading is taking place amid rising caution as a March 1 deadline looms that would see steep automatic spending cuts take effect to the tune of US$85 billion.“I think there is some reluctance to do much. I think that’s why our market has more or less, the last couple of weeks or so, hasn’t done a darned thing,” said Fred Ketchen, manager of equity trading at Scotia Capital.“It’s teaching everybody to have a little bit more patience than they would like to have.”On Wednesday, Jacob Lew, President Barack Obama’s nominee for Treasury secretary, urged Congress to avoid those cuts, warning they would impose “self-inflicted wounds to the recovery and put far too many jobs and businesses at risk.”Talisman Energy Inc. recorded US$367-million or 37 cents per share in quarterly net income, beating forecasts of 16 cents a share. But the gain was mainly due to disposal of some assets and the company continued to feel the effects of low natural gas prices. Talisman posted revenue of $1.6 billion, which was $300 million less than what was expected. Its shares erased early losses and gained 26 cents to $12.82.Thomson Reuters posted US$497-million of adjusted earnings, or 60 cents per share in the latest quarter, compared with US$445-million or 54 cents per share in the fourth quarter of 2011. Net income attributable to common shareholders was US$372 million, compared with a year-earlier loss of US$2.6 billion. Thomson’s overall revenue, including discontinued operations, fell to $3.4 million from $3.6 billion, a five% decline. The company’s shares fell 70 cents to $30.02 as the company also forecast slow growth and tightening profit margins in 2013, and announced plans to cut 2,500 jobs.Cheese, dairy and bakery company Saputo Inc. had $130 million or 65 cents per share of net income in the latest quarter, a penny short of analyst estimates. Revenue at $1.8 billion also missed estimates by $100 million and its shares fell $1.12 to $49.70.In the U.S., farm and construction equipment maker Deere & Co. says its first-quarter net income jumped 22% to US$649.7 million or $1.65 per share. Revenue rose almost 10% to $7.42 billion. Analysts surveyed by FactSet had been expecting earnings of $1.39 per share on revenue of $6.73 billion and its shares lost $3.29 to $90.68.The information technology sector was the leading decliner, down 3.5% with CGI Group down $1.21 to $27.12 while BlackBerry dropped $1.25 or 8.2% at $14. The stock has lost about 20% since Jan. 24, days before the company unveiled its new BlackBerry 10 product line. However, the stock had rallied almost 200% from its low of $6.10, chalked up late last September.The gold sector fell about 1.65% as April bullion on the Nymex declined $4.50 to US$1,645.90 an ounce, its lowest close since last August. Eldorado Gold shed 35 cents to C$10.68.Consumer and telecom stocks also pressured the TSX.The utilities sector led advancers, up 0.39% as TransAlta (climbed 16 cents to $16.35.The March crude contract on the New York Mercantile Exchange gave up early gains to move down 50 cents to US$97.01 a barrel despite a much less than expected rise in U.S. inventories. The U.S. Energy Department’s Energy Information Administration said supplies rose by 560,000 barrels.A survey of analysts by Platts, the energy information arm of McGraw-Hill Cos., showed crude stocks were expected to have risen by 2.5 million barrels. However, other data released Tuesday had showed inventories declined last week.The energy sector was ahead 0.3% while Canadian Natural Resources gained 25 cents to C$31.80.March copper backed off from early gains and was unchanged at US$3.74 a pound. Still, the base metals sector was up 0.2% and First Quantum Minerals gained 16 cents to C$20.26.Here’s the news investors were watching today:Smart money says it’s time to buy AppleCan the new BlackBerry topple Apple’s iPhone?BCE ranks high in the 17 best stocks for big fat dividendsPrecious metals ruled the fund worldON DECK THURSDAYG20 finance ministers and central bankers meet in Moscow ECONOMIC NEWSBank of Japan announces interest rate decision UNITED STATES8:30 a.m.Weekly jobless claims: Economists expect CORPORATE NEWSCANADABarrick Gold Q4 earnings: Analysts expect $1.06 Goldcorp Q4 earnings: Analysts expect 46¢ CI Financial Q4 earnings: Analysts expect 35¢ Encana Q4 earnings: Analysts expect 31¢ Precision Drilling Q4 earnings: Analysts expect $1.15 Cenovus Energy Q4 earnings: Analysts expect 54¢ Canfor Q4 earnings: Analysts expect 14¢ UNITED STATESPepsiCo Q4 earnings: Analysts expect US$1.05 a share CBS Corp Q4 earnings: Analysts expect 71¢ Molson Coors Brewing Co Q4 earnings: Analysts expect 64¢ Campbell Soup Co Q4 earnings: Analysts expect 66¢ The J.M. 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MONTREAL – There’s no sign that China’s appetite for lumber is waning despite its somewhat slower economic growth, according a top executive of West Fraser Timber who sees demand remaining strong not only for his company but for other producers as well.West Fraser (TXX:WFT) vice-president Chris McIver says the Vancouver-based company has shifted its sales efforts inland from China’s coastal markets because it believes there’s still plenty of demand for lumber.“There’s tremendous need for lumber, whether it’s from us or from elsewhere in the world,” McIver said in a recent interview.“So (China’s) overall economic growth may slow, but we don’t see demand for our product slowing. In fact we see it growing.”Analysts expect West Fraser’s adjusted profit for the third quarter will increase six per cent from a year ago to $1.35 per share, according to estimates compiled by Thomson Reuters.The company issues its earnings after markets close Monday. Canfor Corp. (TSX:CFP) and Acadian Timber Corp. (TSX:ADN), also based in Vancouver, issue their results Wednesday after markets close.West Fraser, one of Canada’s largest lumber producers, began exporting more of its production to the Asia-Pacific region after 2007 — when U.S. demand collapsed along with that country’s housing market.About 30 per cent of its Canadian production is currently exported to China, Japan and Korea, compared with just five to eight per cent in 2007, when Japan was West Fraser’s main Asian market.Although U.S. housing industry has finally begun to recover from one of its deepest recessions on record, West Fraser Timber doesn’t foresee a drop in Canadian shipments to China.The world’s second-largest economy grew by 7.8 per cent in the third quarter and the central government in Beijing aims to keep growth above 7.5 per cent.That’s barely half of the 14.2 per cent China’s expansion in 2009, but far above what’s expected in the Canada, the United States, Europe or Japan.McIver said challenges remain in central B.C. because of mountain pine beetle infestations but the industry is in better shape than it was five or six years ago.“It was pretty much a depression in our industry but we are very encouraged about the future and the future for our employees and the future for prospective employees.”Shipments of B.C. softwood lumber to China are on track to set a new record in 2013. For the first eight months through August, shipments were running 2.4 per cent higher than 2012.Paul Quinn, an analyst with RBC Capital Markets, notes that the U.S. was slapping a 10 per cent duty on Canadian softwood in August but those charges have since fallen.They are now down to five per cent and are expected to drop to zero in November because of higher prices for Canadian lumber.The Vancouver-based analyst expects prices will increase from US$350 per thousand board feet this year to US$380 in 2014 and to US$425 in 2015.Tembec Inc. (TSX:TMB) vice-president Dennis Rounsville says the Quebec-based producer sells little wood to China but believes increased demand from Asia and a U.S. recovery will boost prices.“If we look out over the next two or three years, we see a strong arrow up. How steep the arrow up is dependent on how quickly the housing market comes back,” said Rounsville, the retiring head of Tembec’s forest products group.American housing starts remain well below the two-million level of 2005 but have risen over the past three years, with Rounsville saying he expects them to reach 950,000 in 2013 and up to 1.3 million by 2015. by Ross Marowits, The Canadian Press Posted Oct 27, 2013 4:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Canadian lumber producers say higher demand in China, U.S. should boost prices

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