Maduro escalates conflict with Colombia as he looks to December's election

Maduro accused Colombia of waging “an attack on Venezuela's economy”, a reference to the rampant smuggling of heavily subsidized food and other goodsMaduro accused Colombia of waging “an attack on Venezuela's economy”, a reference to the rampant smuggling of heavily subsidized food and other goods

Venezuelan President Nicolas Maduro escalated his country's conflict with Colombia Friday by expanding the partial closure of their shared border to four new frontier towns. However most political analysts believe there is a huge premeditated interest in arising strong nationalistic feelings ahead of the December legislative elections.

Brazil/EU summit next year following exchange of proposals with Mercosur

Brazil and the EU agreed it would be better that the bilateral summit be held after the exchange of proposals, said EU representative Joao Gomes Cravinho.Brazil and the EU agreed it would be better that the bilateral summit be held after the exchange of proposals, said EU representative Joao Gomes Cravinho.

Brazil and the European Union agreed to hold their annual summit during the first half of 2016, following the exchange of proposals for a wide ranging and cooperation trade agreement between the EU and Mercosur.

US economy 2Q performance changes the mood of markets

US economy growth overall was due to strong consumer and government spending, and higher exports, besides greater corporate investment.US economy growth overall was due to strong consumer and government spending, and higher exports, besides greater corporate investment.

Shares rise and oil prices jumped 9% after revised figures showed the US economy grew by far more than had been thought between April and June. The economy grew by an annualized rate of 3.7%, up from the first estimate of 2.3%. Growth of 0.6% in the first three months of the year was not revised.

Lula da Silva seems to have lost his invincible electoral allure, opinion polls show

In the event of a presidential dispute, Lula da Silva would be beaten by Aecio Neves in the runoff by 50% to 31%.In the event of a presidential dispute, Lula da Silva would be beaten by Aecio Neves in the runoff by 50% to 31%.

Former Brazilian president Lula da Silva, if he decided to run again in 2018 as his Workers Party insists, would lose the presidential contest against any of three potential candidates from the leading opposition party, PSDB, (Brazilian Social Democracy) according to a public opinion poll released this week.

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