Former U.K. chancellor Ken Clarke has said Europe's banking system is "in tatters," warning the U.K. is "heavily exposed" to potential problems in the currency bloc, the BBC reported Sunday.

HSBC Holding PLC (HBC), Europe's largest bank, has set out contingency plans for its 15 Greek branches to cope with a return of the drachma, reports the Independent on Sunday newspaper, citing the bank's Finance Director Iain Mackay.

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5.BR, USIM3.BR, USNZY) on Saturday restarted operations at a chimny in blast furnace number 2 at is plant in Cubatao, Sao Paulo state, after a fire broke out late Friday.

In his most partisan remarks since J.P.

Credit Suisse AG (CS, CSGN.VX) has informed Argentine conglomerate Grupo Petersen that it must pay back loans used to buy a stake in oil company YPF SA (YPF, YPFD.BA) after it missed a $400 million payment.

ConocoPhillips (COP) is expected to make an additional $5 billion investment to ramp up its operations in Malaysia, the New Straits Times daily reported Saturday citing Malaysia's Prime Minister Najib Razak.

The Queensland government has withdrawn its support for a 9 billion Australian dollar (US$8.86 billion) coal port expansion in the northern part of the state, in a sign the country's resources boom is losing steam.

South Korea's KB Financial Group Inc. (105560.SE) and Korea Life Insurance Co. (088350.SE) submitted separate bids to buy ING Groep N.V.

Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation in to the United States, a U.S. trade panel said on Friday.

TOP STORIES: CFTC AGRICULTURE: Managed Funds Trim Length In CBOT Soybeans CHICAGO -(Dow Jones)- Money managers reduced length in Chicago Board of Trade soybean futures, government data showed Friday, as investors reduced risk across broader asset classes.