Bloomberg Fairfax Financial Holdings Ltd., the investment firm run by billionaire Prem Watsa, signed an agreement to buy the Canadian unit of Toys ‘R’ Us Inc. for about $237 million. The so-called stalking horse bid allows other potential buyers were expected to enter competing proposals, according to a US bankruptcy court filing submitted by Toys ‘R’ on Thursday. Fairfax would …

Bloomberg Walmart Inc. lost out in China by betting on the wrong horse. In India, the retailer is prepared to pay up to secure the top steed. The world’s biggest retailer is nearing a deal to buy a majority stake in India’s top online retailer for at least $12 billion, people familiar with the matter said. Flipkart Online Services Pvt’s …

Bloomberg The dollar rallied at the start of a week packed with catalysts, from economic data to new debt supply, as the yield on benchmark US Treasuries threatened to climb above 3 percent. Equities in the US fluctuated. The greenback strengthened against major peers as the yield on the US 10-year note hit 2.99 percent for the first time since …