Foreign characters looks strange on web page

Hi,
I am working on a companys payment site on which data is coming from a database. Database is having full of company names, few of them have foreign characters in them like - Maxéés
When the names are displayed on the web page, Maxéés comes out like - Max��s. In FireFox and IE8 just displays Maxs
Does it having charset problem. I am using utf8 charset
any ideas?

Try putting charset to ISO-8859-1