China's Vice Premier Wu Yi (
The Forbes list of the world's 100 most powerful women was topped by Condoleezza Rice, the national security adviser of US President George W. Bush, according to a Forbes press statement released here.
Top Singapore businesswoman Ho Ching (
Sonia Gandhi, the president of India's ruling Congress Party who wields immense influence behind the scenes after turning down the job of prime minister, came in third.
In fourth place was US First Lady Laura Bush, followed by Senator Hillary Clinton and Supreme Court Justice Sandra Day O'Connor. Another US Supreme Court Justice, Ruth Bader Ginsburg, was in seventh place, trailed by Megawati, Arroyo and Hewlett-Packard chair and chief executive Carly Fiorina.
Forbes said it came up with the list by devising a power scorecard.
"For each candidate, we came up with a numerical weight defined by her title and resume, the size of the economic sphere in which she wields power ... and the number of global media mentions," the magazine said.
Among the other Asia-Pacific women in the list are Bangladesh Prime Minister Begum Khaleda Zia (14), New Zealand Prime Minister Helen Clark (43), Sri Lankan President Chandrika Kumaratunga (44) and Myanmar opposition leader Ang San Suu Kyi (45).
Singapore's Ho, who runs state investment arm Temasek Holdings, was No. 24, reflecting her influence as manager of the city-state's multibillion-dollar global business empire.
Peng Peiyun, president of the All-China Women's Federation, was No. 47 on the list, while Xie Qihua, chairwoman and president of the Shanghai Baosteel Group (
Forbes said the list had made "a refreshing break from the conventional wisdom about women and power" by breaking the notion that women can only gain power by working behind the scenes and forging consensus.
Former British Prime Minister Margaret Thatcher was 21st on the list, while the UK's first lady, Cherie Blair, was number 12.
Queen Rania of Jordan was in 13th place, Britain's Queen Elizabeth II in 22nd place and television host Barbara Walters was in 25th place.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to
RSS