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The countrys finance minister backs on demands that they write off the debt. Instead proposing a swap. They send the aussie dollar to a six year low. The Indian Central Bank keeping its powder dry. Youre watching Worldwide Exchange bringing you Business News from around the globe. Hello everybody. Good morning. Welcome to a full two hours of Worldwide Exchange. Good to be back on the show. Great to have you. Great to be back. Lots going on today. Bp shares are already trading higher this morning despite a Fourth Quarter loss on deplacement cost basis. It will reduce cap exspending this year. In a short time well be speaking with the bp ceo bob dudly for his take on the numbers. Well be talking to the man himself any minute now. Lets take a look at oil prices. They have been rallying in fact gaining about 11 . Were looking at light crude trading at 50. 67. Up about 2 . Brent crude up about 2. 5 . Interestingly enough were ceiling this rally in oil prices despite the u. S. Refinery strik

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