LONDON (SHARECAST) - Asian stocks slumped heavily on fears a recession in the US would hit the global economy. Across the markets, the Nikkei fell 631 points to 8674 while the Hang Seng fell 647 points to 14,393.

As the nearly year-old credit crisis threatens to send the U.S. economy into a recession, a group of small- and medium-sized consulting firms see opportunity in other companies' troubles.

Process technology experts from Pegasystems, Inc. (NASDAQ: PEGA), a leading provider of BPM and business rules solutions to Global 500 customers, and SunTrust Banks, Inc., one of the nation's largest and strongest financial holding companies, will presen

Business leaders have condemned the Government for failing to deal with the economic crisis. A "new direction" is needed to make sure Britain can cope with similar turbulence in the future, according to 11 bosses of major firms.

KUALA LUMPUR, May 29 (Bernama) -- Any efforts to undermine the leadership of Prime Minister Datuk Seri Abdullah Ahmad Badawi will bring adverse effects to the country's economy and foreign investors confidence, said Malaysia OIC Trade Chamber president D