Angela Merkel wasn’t in a hurry to inflict economic pain on Russia. Cautious, pragmatic and mindful of German business ties to the country, the chancellor tried to defuse the Ukraine crisis through back-channel diplomacy and frequent phone calls with Russian President Vladimir Putin.
Chancellor Angela Merkel’s deputy chided Siemens AG Chief Executive Officer Joe Kaeser for traveling to Moscow, saying German companies shouldn’t sell out European values to protect business with Russia.
Adidas AG forecast 2014 profit as much as 17 percent below analysts’ estimates as the weakness of currencies such as the Russian ruble and Argentine peso weighs on the world’s second-biggest sporting-goods maker.
Adidas AG said Chief Executive Officer Herbert Hainer will remain at the helm through 2017, extending his contract by two years and giving the world’s second-largest sporting-goods maker time to find a new leader.
Adidas AG , the world’s second- largest sporting-goods maker, will increase sales and profit in 2011 as China rebounds and Russia becomes the company’s top European market, Chief Executive Officer Herbert Hainer said.
Adidas AG, the world’s second- largest sporting-goods maker, expects record soccer sales next year as the European championship finals take place in Ukraine and Poland, Chief Executive Officer Herbert Hainer said.
Adidas AG, the world’s second-biggest sporting-goods maker, said the build-up to next year’s soccer World Cup in Brazil will boost revenue from the current quarter as it starts selling team jerseys and the official match ball.