China's Jingye Group in talks to buy British Steel

BEIJING/LONDON (Reuters) - China's Jingye Group said on Monday it is in talks to buy British Steel in a deal estimated to be worth about 70 million pounds ($90 million) that could help protect thousands of British jobs and ease uncertainty over the troubled steelmaker.A deal is not yet finalised, the company told Reuters following a BBC report of an imminent 70 million pound ($90 million) agreement.A spokeswoman for Hebei-based Jingye Group said she was unclear about the value of the deal and..