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The Munich Security Conference brought together key leaders from the Middle East and beyond to discuss pressing issues in the region. Lebanese Prime Minister Nawaf Salam addressed IMF negotiations, while Syrian Foreign Minister Asaad al-Shaibani expressed confidence in renewed US support. Meanwhile, India faced scrutiny over alleged links to a US murder plot.
French Finance Minister Roland Lescure addressed the recent volatility in the yen during an interview on Bloomberg Television on Wednesday. He expressed his belief that market forces will ultimately determine the value of currencies. In the same day, shares of Turkish state lender Halkbank plummeted as much as 7% in morning trading on the Istanbul Stock Exchange. The decline came on the heels of the adjournment of a court status conference in the United States regarding allegations that the bank had helped Iran evade sanctions.