(Reuters) - Brewer Constellation Brands (NYSE:STZ) on Wednesday forecast fiscal 2026 profit below analysts’ estimates, expecting steep levies imposed by the Trump administration to hit its beers and spirits business.Shares of the Corona beer maker fell about 4% in extended trading as it also lowered its medium-term projections for net sales.For the fiscal year 2026, it forecast adjusted profit p ...
By David Shepardson and Dawn ChmielewskiWASHINGTON (Reuters) - President Donald Trump on Wednesday said a potential deal to spin off the U.S. assets of TikTok is still "on the table" days after it was put on hold.Several U.S. Senators have criticized the proposed deal, but Trump defended it."We have a deal with some very good people, some very rich companies that would do a great job with it, but ...
By Daina Beth SolomonSANTIAGO (Reuters) -Peru’s copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca.That would put Peru’s copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons last year. Torreblanca said in an interview with Reuters, on the sideline ...
By Juveria Tabassum and Lisa Baertlein(Reuters) -So many U.S. companies rushed in goods to avoid President Donald Trump’s threatened tariffs that imports soared to near-record levels in recent weeks. Now, retailers and other importers are hitting the brakes, awaiting clarity on where the new duties will land. U.S. import bookings on massive container ships dropped 64% from March 24-31 to Ap ...