INVESTMENT

(Corrects direction in Treasuries price and yield moves in paragraph 6)

Stock index futures pointed to a lower start on Tuesday as Wall Street reopens following a long weekend, with investors rattled by mounting tensions surrounding North Korea.

Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within three years as it joined other energy leaders on Monday to call for more investment to boost production over the long term.

Canadian oil and gas company Sabretooth Energy Ltd said a group of individuals under the name Cequence Team will invest C$9.44 million ($8.38 million) in the company as part of its recapitalization plan.

Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within two to three years, as energy leaders on Monday decried a blow to investment in expanding capacity due to the financial crisis.

China's official foreign exchange manager is still buying record amounts of U.S. government bonds, in spite of Beijing's increasingly vocal fear of a dollar collapse, the Financial Times reported.

Swiss bank UBS is free to set whatever bonuses it likes this year, in contrast to 2008 when it needed government approval for variable pay because of a rescue package, Swiss weekly Sonntag reported on Sunday.

A Russian Internet group, Digital Sky Technologies, has offered to invest $200 million in Facebook in a deal that would value the social networking site at $10 billion, the Wall Street Journal reported on Friday.

Base salaries for banking executives at Morgan Stanley will rise this year as the company sets new compensation policies in the wake of scrutiny over bonuses for the financial services industry, according to Bloomberg.

Evercore Partners Inc named BlackRock Inc's co-founder Ralph Schlosstein as its chief executive, replacing Roger Altman, as the boutique bank seeks to diversify from its core advisory business.

U.S. President Barack Obama signed into law on Friday sweeping reforms that restrict credit card interest rates and fees, marking a victory for Democrats trying to help recession-weary consumers.

MasterCard Inc will lose more than half of a $59 billion portfolio of U.S. debit card users to Visa Inc after JPMorgan Chase & Co shifted more business to its rival, people familiar with the matter told Bloomberg.

Florida-based BankUnited , which was closed by the U.S. government and sold to investors, was conducting business as usual on Friday and there was no sign of panic among customers, its new chief executive said.

Europe's biggest bank HSBC Holdings said business will remain challenging for much of 2010 and it may not keep its U.S. credit card arm if the problems facing the business intensify.

British bank Barclays has sidelined private equity houses bidding for iShares, its exchange-traded fund unit, and is looking to sell its entire asset management arm instead if offers approach $12 billion.

Oil firmed above $61 on Friday as fundamental support came from consumer nations such as China, the United States and Africa's top producer Nigeria after weeks of equity-led rallies.

Kohlberg Kravis Roberts & Co may take advantage of the U.S. government's infrastructure stimulus plan but is not as keen on buying banks or their troubled assets, the private equity firm's co-founders Henry Kravis and George Roberts told the Financial Times.

Singapore's Temasek defended its money-losing exit from Bank of America , saying the U.S.-centric bank did not fit its investment criteria and the risk was perceived to be greater than the expected return.

Bill Gross, manager of the world's biggest bond fund, warned on Thursday the United States will eventually lose its top AAA credit rating, a fear that had already spooked financial markets on Thursday and could keep the dollar, stocks and bonds under heavy selling pressure.

U.S. bank regulators seized troubled Florida lender BankUnited FSB and sold it to some of the most powerful private equity firms in the world.

The co-chief investment officer of Pacific Investment Management Co. said on Thursday that the United States may eventually lose its ‘AAA’ credit rating.