German industrial production fell more than expected in March as pandemic restrictions and war in Ukraine disrupted supply chains, making it difficult to fill orders, official data showed on Friday.

ING Groep NV, the largest Dutch bank, reported on Friday worse-than-expected first quarter net income of 429 million euros ($452 million), including provisions of 885 million euros at its wholesale banking division.

Japanese firms are struggling to reopen their factories in Shanghai, a new survey shows, indicating strains in the municipal government's push to help key businesses resume production amid an ongoing strict lockdown in the city.

Malaysia, the world's second largest palm oil producer, on Friday said it plans to leverage the global edible oil shortage and "political tension in Europe" to regain market share after buyers shunned the commodity over environmental concerns.

AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Friday a worse-than-expected quarterly net income of 429 million euros ($452 million), including a surge in provisions for bad loans due to its exposure in Russia and Ukraine.

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.