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Australia and India have inked a civilian nuclear deal that could aid New Delhi's fight against energy poverty.
But some analysts say this is a minor bump as the US economy stabilizes following an otherwise robust summer.
The Australian Prime Minister said European allies are considering “short-term non-lethal military assistance" to Ukraine.
The European Central Bank cut three interest rates, likely the last for some time, as calls for a stimulus plan grow.
Australia has 40 per cent of the world's known uranium reserves.
China and the US are locked in competition over trade and over military and diplomatic influence in the region.
UN figures say the violence in eastern Ukraine has killed over 2,600 people and rendered 340,000 homeless.
Obama could meet Chinese President Xi Jinping at the UN General Assembly later this month.
The non manufacturing PMI tracks business activity in sectors including construction, software, aviation, railways and real estate.
The extremist group now appears to be trying to capture as much territory as possible in what it says will form an Islamic state.
