Bloomberg A Beijing court has sentenced the owner of the firm behind China’s biggest online lending fraud to life in prison. Ding Ning, the chairman of Yucheng Group, was also fined $15 million for fundraising fraud, smuggling precious metals, and owning guns illegally, according to a judgment handed down by the Beijing First Intermediate People’s Court on Tuesday. Yucheng ultimately …

Bloomberg Its sovereign bonds don’t yield much more than US Treasuries, they cost less to insure than Spanish notes and its currency is more stable than China’s managed yuan. In a sign of how the flood of money into emerging markets is upending conventional wisdom, military-run Thailand with a credit rating just three levels above junk at Moody’s Investors Service …

­­­­­­­­­­­Bloomberg Theresa May’s plans for taking Britain out of the European Union remain on track after members of Parliament cleared the way for her Brexit law to advance — but threatened to re-write it later. In a vote after midnight, lawmakers agreed to allow the EU withdrawal bill to continue its progress through Parliament, by 326 votes to 290. The …