Bloomberg Societe Generale SA (SocGen) plans to cut 640 jobs in France, mainly at its investment-banking operations, as part of a broader cost savings plan. Part of the reduction relates to SocGen’s decision to stop trading in some of its risker structured products, the bank said in a statement on Monday. The securities business as well as compliance and risk …

Bloomberg Global equities rallied to a record high amid optimism about the outlook under a Joe Biden presidency. The dollar extended declines. Last week’s embrace of risk continued on Monday after Biden was declared the winner of the US election over the weekend. S&P 500 futures rise about 1.5%, building on the strongest week since April for the benchmark, as …

Bloomberg India’s benchmark equity index is on course for a record close after Democrat Joe Biden was declared the winner in the US election, ending uncertainty of a prolonged process in deciding a victor. The benchmark S&P BSE Sensex index climbed 1.5% to 42,512.19 as of 10:12 am in Mumbai, set to finish higher than the previous record in January. …