A new year is just around the corner, and pressure on the yuan means Beijing can look forward to a host of fresh outflows into Hong Kong insurance, curbs or no. The annual $50,000 cap on foreign-exchange conversions resets on Jan. 1, and it’s a safe bet sales of dollar-denominated premiums in the city will spike. Before October’s ban …

  There’s no good place to start a nuclear arms race — and Twitter is an especially bad venue. So it’s unfortunate that President-elect Donald Trump on Thursday tweeted his desire for the US to “greatly strengthen and expand its nuclear capability,” then followed up on Friday morning by saying, “Let it be an arms race.” It’s hard to know …

  The Obama administration abstained from voting on a United Nations Security Council resolution condemning Israel’s West Bank expansion. Israel reacted fiercely. Tel Aviv accused Washington of abandoning its closest Middle East ally. The resolution called Israeli settlements illegal and demanded that country immediately stop construction in West bank and other territories seized in 1967 Middle East war. Some 430,000 …