Ho Ching is 8th most powerful woman in the world
Reuters NEW YORK - German Chancellor Angela Merkel is the world's most powerful woman for the third straight year, topping Forbe's magazines 2008 list of the top 100 women based on their career, economic impact and media coverage. Ho Ching, the chief executive of Singapore investment agency, Temasek Holdings, was ranked No 8, down from the third place in last year's list. Forbes credited her for converting Temasek from a Singapore-focused firm to a leading investor in Asia. She earned accolades by making investments in Indian and Chinese telecoms and banks, and as a result, increased the portfolio to about US$100 billion. The World's 10 Most Powerful Women 1. Angela Merkel, Chancellor Germany 2. Sheila C. Bair, Chairman, Federal Deposit Insurance Corp USA 3. Indra K. Nooyi, Chairman, chief executive, PepsiCo USA 4. Angela Braly, Chief executive, president, WellPoint USA 5. Cynthia Carroll, Chief executive, Anglo American USA 6. Irene B. Rosenf...