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 New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
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