Trouble on the rails: French rolling stock manufacturer Alstom’s shares have plunged in value after it warned last month that it faced a cash flow squeeze, prompting the market to raise flags about the company’s debt position — setting up the possible loss of its investment grade rating, the Financial Times writes. That could set off a downward spiral. Management says that upcoming down payments on projects will help keep it afloat — but some analysts believe that the only way forward is to sell assets.

India’s Adani Group seeks to expand its overseas port empire after receiving US government financing: The US government has agreed to invest USD 553 mn towards Indian conglomerate Adani Group’s port terminal project in Colombo port terminal, Sri Lanka, Reuters reports. Adani Group holds a 51% stake in the West container terminal of the port, which also has a terminal operated by China Merchants Port Holdings.

Dig deeper: The move is said to have signaled Washington’s endorsement for Adani Group’s port expansion, and could affect China’s maritime influence in the Indian ocean, according to Bloomberg.

What’s next: Adani Group stressed it seeks to expand its port operations into neighboring countries, including Bangladesh, Tanzania and Vietnam, CEO of Adani Ports & Special Economic Zones Karan Adani told Bloomberg.

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