By David Lin and Charlie Zhu WUXI, China/HONG KONG (Reuters) - Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last months.

DUBAI (Reuters) - Dubai Group will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, the chief executive of parent Dubai Holding said in an interview on Thursday. Dubai Group, a unit of Dubai Holding, the investment arm of the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum, expects to sign an agreement with its creditors on the debt restructuring in six weeks, Ahmad Bin Byat said.

(Reuters) - Residential Capital LLC <RESC.UL> Chief Executive Thomas Marano has resigned as the mortgage subsidiary of auto lender Ally Financial Inc <GKM.N> works its way out of bankruptcy. Marano, who joined ResCap in 2008, will remain as a member of the board. Marano spent more than 25 years at now-defunct investment bank Bear Stearns & Co, where he was the global head of mortgage and asset-backed securities. Marano was managing director at Cerberus Capital Management before moving to ResCap.

The Greek parliament voted late Sunday to adopt a law that provides for the dismissal of 15,000 civil servants as part of austerity measures imposed by the country's international creditors. After heated debate, 168 deputies voted for the bill, with 123 voting against and one abstaining. The new law will overturn what had been a guarantee for workers in Greece's notoriously bloated civil service of a job for life. Around 800 people turned up outside the parliament to protest against the measure in a demonstration called by trade unions.